Oracle is in negotiations with healthcare data analytics firm Cerner to close one of the vendor’s largest acquisitions for this year, according to an article in the Wall Street Journal. As a result, Oracle will be bolstering its position in the medical field.
Oracle has been aggressively expanding its global cloud computing capabilities lately by opening multiple new Oracle Cloud Regions across the globe. Acquiring Cerner would provide another step for Oracle in the direction of cloud services dominance in the healthcare segment.
While Oracle has a foothold in healthcare, such a large acquisition would be a huge investment in the company’s future within healthcare technology, particularly cloud computing and artificial intelligence (AI).
According to The Wall Street Journal, a $30 billion acquisition would be Oracle’s largest ever, tripling the amount of its next-largest deal (16 years ago, when it paid $10 billion for PeopleSoft).
Read the full article on The Wallstreet Journal here