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Oracle Closes USD 28.3bn Acquisition of Health Information and EHR Technologies Provider Cerner.

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MANews-(C)2009-2022

US-based computer technology company Oracle Corp. (NYSE: ORCL) has closed the acquisition of 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.

Oracle anticipates retaining an investment grade credit rating.

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

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