What You Should Know:
- Oracle Cerner and Labcorp have formed a new relationship to streamline lab operations for one of the nation’s leading nonprofit Catholic health systems. Labcorp purchased select assets of the health system’s outreach laboratory business and will manage its hospital-based laboratories in 10 states.
- Cerner’s laboratory information system (LIS) will help Labcorp centralize operations and streamline processes within the
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Oracle
ObvioHealth & Oracle Collaborate to Seamlessly Integrate Diverse Data Sets Into Decentralized Clinical Trials in APAC
What You Should Know:
- Today, ObvioHealth and Oracle have announced a partnership to enable the rapid collection, integration and analysis of this complex data to get breakthrough therapies to market faster and cheaper within the APAC region. This partnership will integrate ObvioGo, ObvioHealth’s next generation decentralized clinical trial (DCT) platform and mobile app, and Oracle Clinical One Cloud Service, facilitating pharma-grade analytics and reporting that can
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Freenome Launches Multi-Cancer Detection Study Pairing Multiomics with Real-World Data
What You Should Know:
- Freenome, a privately held biotech company, today announced the launch of the Sanderson Study, the company’s latest study of its multiomics platform, in combination with real-world data to detect multiple cancers.
- The study will encompass both traditional and real-world data to generate evidence of clinical validation for certain high- and elevated-risk populations while also refining the platform’s cancer classification and risk prediction models. In addition,
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Hazelden Betty Ford Taps Oracle Cerner and Xealth to Simplify Access to Addiction Treatment
What You Should Know:
- The Hazelden Betty Ford Foundation is simplifying the distribution of addiction treatment and recovery support content with the Oracle Cerner EHR and Xealth’s digital therapeutic distribution platform
- The new system makes it easier for Hazelden Betty Ford clinicians to provide patients with digital content as a key part of their treatment and recovery process, including therapeutic education, exercises, and
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ClearSky Health Expands Contract With Oracle Cerner
What You Should Know:
ClearSky Health, a network of inpatient rehabilitation facilities is expanding its contract an additional five years with Oracle Cerner to support nine additional facilities in the next 18 months with Oracle Cerner as their EHR supplier.
- The partnership to deliver increased continuity, helping clinicians understand a patient’s journey from admission to discharge.
Expanded Partnership Details
Through its five medical rehabilitation centers in New
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Analysis: Is Oracle Cerner Planning to Build A National EHR?
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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