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Oracle Buys Health Information and EHR Technologies Provider Cerner for USD 28.3bn.

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MANews-(C)2009-2021

US-based computer technology company Oracle Corp. (NYSE: ORCL) has inked a deal to acquire US-based IT services, devices and hardware supplier Cerner Corp. (NASDAQ: CERN) through an all-cash tender offer for USD 95.00 per share, or approximately USD 28.3bn in equity value, the company said.

Cerner is a provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

All-cash tender offer for USD 95.00 per share, or approximately USD 28.3bn, that is immediately accretive to Oracle's earnings.

Accretive to Oracle's earnings on a non-GAAP basis in the first full fiscal year after closing and will contribute substantially more to earnings in the second fiscal year and thereafter.

Cerner will be a huge additional revenue growth engine for Oracle for years to come as Oracle expands Cerner's business into many more countries throughout the world.

Transaction is expected to close in calendar year 2022. The closing of the transaction is subject to receiving certain regulatory approvals and satisfying other closing conditions including Cerner stockholders tendering a majority of Cerner's outstanding shares in the tender offer.

Oracle anticipates retaining an investment grade credit rating.

Oracle provides industry solutions that run the core operations for customers in the world's largest industries.

Industries covered by Oracle include, among others, Financial Services, Telecom, Utilities, Pharmaceuticals, Hospitality, Retail, Food and Beverage, Construction and Engineering, Manufacturing and government.

Oracle also brings best in class cloud infrastructure to drive digital modernization, substantially lowering the total cost of IT in these critical industry sectors.

Cerner is in the healthcare IT industry and a complementary business to Oracle.

Cerner is a provider of digital information systems used within hospitals to enable medical professionals to deliver better healthcare to individual patients and...

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