Big Red targets health records specialist Cerner in $30bn takeover bid
Oracle has reportedly set its sights on the $30bn acquisition of US electronic health records specialist Cerner as it tries to further penetrate the medical sector. A potential deal would have ramifications in the UK as Cerner has won more than £100m in NHS contracts in the last year alone and was a key player in the National Programme for IT, which went down as one of the greatest IT disasters in public sector history. According to a report in The Wall Street Journal, an agreement between the two firms could soon be finalised giving Oracle — worth around $280bn — control over the Kansas City health software specialist which has a market value of around $23bn. Estimates suggest the deal would be expected to value the company near $30bn, according to the newspaper.
