By: Steven Zolman, NET(net)
Oracle Corporation has agreed to acquire a large Electronic Health Records (EHR) company, Cerner Corporation, in a transaction worth $28.3 Billion.
Oracle already has a significant presence in healthcare but adding Cerner, which essentially runs an ERP-style software system for healthcare delivery networks, gives Oracle a much larger wallet-share inside healthcare-related customers. This would also enable greater account control as it adds more industry-specific applications to its already widely entrenched technology platform.
If fully executed, this move will likely give Oracle a better market message around industry clouds, especially those designed for healthcare customers. Cerner software is still largely run on-premise, rather than in the Cloud, as Cerner has lagged the market in its digital transformation and Cloud migration efforts which only account for about 25% of its business today. Many customers also pay Cerner considerable professional services fees, which is somewhat antithetical for a modern technology company.
A few things to expect as customers...
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