It’s done ! Oracle is coming formalize the acquisition of Cerner medical software for 25 billion euros ($ 28.3 billion). With this takeover, Oracle signs its biggest acquisition and its entry into the online health market. Mike Sicilia, EVP at Oracle, said the goal would be to design a new generation of software for physicians by modernizing Cerner’s systems. Oracle obviously plans to switch everything to its cloud solutions.
The increasingly coveted healthcare sector
As can be read in the joint press release, “Cerner and Oracle have the ability to transform healthcare delivery by providing medical professionals with better information, with the goal of enabling them to make better treatment decisions, resulting in better patient outcomes.” “. Larry Ellison, president and chief technology officer at Oracle, says this acquisition will make the daily life of healthcare professionals easier, with a new generation of software.
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In just a few years, the health sector has become the most important market in the world, with $ 3.8 trillion last year in the United States alone… The takeover of Cerner will allow Oracle to capitalize on this trend. The company is a leader in the digitalization of medical care. All the big tech players want to find a place in the health sector. Apple is said to have even considered launching a health service with its own doctors. With Isomorphic Labs, Alphabet wants to manufacture drugs using artificial intelligence.
With Cerner, Oracle can become a giant in the field
If we are to believe the communication of the two companies, this takeover should revolutionize the user interface. Cerner’s systems will be completely redesigned, in particular thanks to voice assistance technologies. According to Oracle, “This will allow healthcare professionals to spend less time typing on computer keyboards and more time caring for patients”. Oracle has all the potential for boost the health sector, with perfectly mastered technologies, such as artificial intelligence and the cloud.
For David Feinberg, CEO of Cerner, “Joining Oracle as a dedicated industry business unit provides an unprecedented opportunity to accelerate our work of modernizing electronic medical records (EMRs), improving the caregiver experience and implementing more patient care. connected, more efficient and of better quality ”. In the UK, Cerner already works with the National Health Service (NHS). By acquiring Cerner, Oracle will also acquire data on numerous medical files, an advantage that it has lacked so far.