Oracle’s deal to amass Cerner is predicted to be introduced later Monday.
Photograph:
Justin Sullivan/Getty Photos
Oracle Corp.
ORCL -6.39%
is predicted to pay greater than $30 billion for electronic-medical-records firm
Cerner Corp.
CERN 12.93%
, based on individuals accustomed to the matter.
The all-cash deal is predicted to be introduced later Monday and worth Cerner at about $95 a share, one of many individuals mentioned.
Ought to a deal come collectively, it will rank as the largest ever for Oracle, which has a market worth of round $260 billion. Its shares fell greater than 6% Friday after The Wall Avenue Journal reported {that a} deal was imminent.
Oracle, a Silicon Valley veteran that final yr moved its headquarters to Austin, Texas, is without doubt one of the largest software program suppliers to different corporations and organizations.
Kansas Metropolis, Mo.-based Cerner designs software program that hospitals and medical doctors use to retailer and analyze medical information and different healthcare information.
Write to Dana Cimilluca at dana.cimilluca@wsj.com and Cara Lombardo at cara.lombardo@wsj.com
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