Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

Oracle Wins Regulatory Approvals for $28 Billion Cerner Takeover

June 1, 2022, 8:48 PM

Oracle Corp. said it has received all regulatory clearances needed to complete its $28.3 billion purchase of digital medical-records provider Cerner Corp., paving a further expansion into health care for the software giant.

“Cerner and Oracle have the capability to transform health care delivery by providing medical professionals with a new generation of health care information systems,“ Larry Ellison, Oracle chairman and chief technology officer, said Wednesday in a statement.

Oracle expects to close the deal on June 6 after the completion of its $95-a-share tender offer to Cerner investors. Ellison is scheduled June 9 to discuss ...