Earlier this month Oracle closed its $28.3B acquisition of Cerner and shortly after Oracle founder and CTO, Larry Ellison, outlined Oracle’s vision for Healthcare IT post-acquisition. The key elements of this vision included: - Developing a solution for a national EHR database. - Leveraging this solution, and similar smaller-scale connected EHR initiatives, to provide life science, pharma and other users with a rich environment for research, clinical trials and drug
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Oracle Receives Antitrust Approval for $28.3B Cerner Acquisition
What You Should Know: - Today, Oracle announced that all required antitrust approvals have been obtained for its proposed $28.3B ($95 per share) acquisition of Cerner, including European Commission clearance. - Oracle expects to complete the tender offer promptly following the expiration of that offer at midnight Eastern time on June 6, 2022. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO filed by Oracle with the U.S.
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Mayo Clinic Taps Oracle Fusion Cloud for Finance, HR, and Supply Chain Management
What You Should Know: - Mayo Clinic has selected Oracle Fusion Cloud Applications Suite and Oracle Fusion Analytics to power its business processes as it transforms the future of healthcare. - With Oracle, Mayo Clinic will be able to support its path to 2030, an ambitious strategy to cure, connect and transform healthcare, by improving the administrative services experiences and scaling functions and business analysis to support its global growth. - As one of the world’s leading
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Oracle Acquires Cerner for $28.3 Billion in Historic Health IT M&A Deal
What You Should Know: - Oracle Corporation and Cerner Corporation today jointly announced an agreement for Oracle to acquire health IT leader Cerner through an all-cash tender offer for $95.00 per share, or approximately $28.3 billion in equity value. The acquisition of Cerner will be a huge additional revenue growth engine for Oracle as it immediately grabs significant market share in the healthcare space. In addition, Oracle plans to expand Cerner's business into many more countries
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Oracle in Talks to Acquire Cerner for $30B
What You Should Know: - Oracle Corp. is currently in discussions to acquire health IT vendor Cerner in a deal that could be worth around $30 billion, Wall Street Journal first reports. - If the deal is finalized, it would be marked as the largest health IT acquisition to date and establish Oracle as a significant player in the healthcare space. - The news of the potential acquisition increased Cerner shares by 14.2% in trading Friday to $90.75.
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3 Ways Hospitals Can Improve Employee Communication—Now and Beyond the Pandemic
This year and the coronavirus pandemic brought new challenges to hospitals and healthcare facilities across the globe. And while the first phase of vaccine distribution has put a light at the end of the tunnel, many regions are still handling surging cases as a result of the holiday season. As we navigate combatting the latest surge and distributing the first rounds of the vaccine, hospital and healthcare system leaders should use lessons learned from this year to ensure the doctors,
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To Beat COVID-19, We Need A Modern Approach to Public Health Data
The COVID-19 pandemic, which has taken 270,000 American lives to date, has shined a light on another crisis — the U.S. currently has no standardized system for reporting public health data. Health departments all over the country resort to using paper, fax, phone, and email to transmit and receive critical information, and essential healthcare workers are spending precious time retyping data into systems from printed reports and PDFs. At the heart of this lack of a centralized infrastructure
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KLAS Spotlight on Zoom for Healthcare Examines Early Outcomes
KLAS recently issued a Spotlight on Zoom for healthcare. KLAS Spotlights are first looks at new and emerging technology. Everyone knows Zoom, but how well does the solution perform for healthcare organizations looking to handle the immediate demands created by COVID-19 as well as develop long-term strategic initiatives? In this Spotlight, KLAS examines the early outcomes and satisfaction of some of Zoom’s healthcare customers. Zoom Key Strengths & Challenges for
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Cerner Appoints Jerome Labat New Chief Technology Officer
What You Should Know: Cerner appoints former HPE Software executive Jerome
Labat Chief Technology Officer to strengthen Cerner’s technology focus and
accelerate cloud-enabled SaaS platforms and solutions. Cerner Corporation announced today that Jerome Labat has joined the company as Chief Technology Officer (CTO). As CTO, Labat will lead efforts to strengthen Cerner’s technology focus and accelerate cloud-enabled SaaS platforms and solutions. Labat has extensive experience in
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Social Distancing: Addiction Recovery Programs Go Virtual for COVID-19
We have been following the social distancing guidelines for two weeks now with more weeks to go. One population that truly needs and is literally prescribed social interaction is that of Substance Use Disorder (SUD). In fact, the 12 step (recovery approach) community, relies on being social wherein attending group meetings to share experience, strength, and hope is a part of the proven philosophy. Turns out, social distancing while helpful with the COVID-19 crisis is creating another one;
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