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Oracle buys medical records company Cerner for $28.3bn

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Software giant Oracle has acquired electronic health record company Cerner for $28.3bn.

Cerner provides digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

Larry Ellison, chairman and chief technology officer, Oracle said: “Working together, Cerner and Oracle have the capacity to transform healthcare delivery by providing medical professionals with better information—enabling them to make better treatment decisions resulting in better patient outcomes.

“With this acquisition, Oracle’s corporate mission expands to assume the responsibility to provide our overworked medical professionals with a new generation of easier-to-use digital tools that enable access to information via a hands-free voice interface to secure cloud applications.

“This new generation of medical information systems promises to lower the administrative workload burdening our medical professionals, improve patient privacy and outcomes, and lower overall healthcare costs.”

David Feinberg, president and chief executive officer, Cerner said: “Cerner has been a leader in helping digitize medical care and now it’s time to realize the real promise of that work with the care delivery tools that get information to the right caregivers at the right time.

“Joining Oracle as a dedicated Industry Business Unit provides an unprecedented opportunity to accelerate our work modernizing electronic health records (EHR), improving the caregiver experience, and enabling more connected, high-quality and efficient patient care.

“We are also very excited that Oracle is committed to maintaining and growing our community presence, including in the Kansas City area.”

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