From completing its $28.5 billion acquisition of EHR company Cerner to its plans to release unified database for patient information, here are five of Oracle's most recent healthcare moves as reported by Becker's since June 1:
- On June 1, Oracle received the required antitrust approvals, including European Commission clearance, for its pending $28.5 billion acquisition of Cerner. With the approvals, the Cerner deal was expected to be completed following the expiration of its tender offer at midnight Eastern time on June 6.
- On June 7, Oracle announced that a majority of the outstanding shares of Cerner were validly tendered, and the other conditions to the tender offer have been satisfied or waived, meaning that the Cerner deal would officially close June 8.
- After its completed acquisition of Cerner, Oracle released a blog post detailing its plans for healthcare. Some include creating cloud-enabled capabilities that will allow providers to access information on an interface that is easy to use, an open application programming interface that will provide insights to health data and insights, and an ecosystem where people, patients, providers and payers will be able to access clinical, operational, and financial data on the cloud.
- On June 9, Larry Ellison, the chair, co-founder and chief technology officer of Oracle, said he aims to build a unified database for patient information, similar to the unified financial database with credit information, accessible to healthcare providers and public health officials. The database would have anonymized data from hospitals, clinics and providers across the U.S. and provide up-to-the-minute information about patients' personal health as well as public health statistics, such as the number of people hospitalized with COVID-19 or available hospital beds in a particular state.
- Oracle said it is combing through Cerner's product portfolio to see where the company can replace third-party products with Oracle technology.