Cerner develops hardware, software and IT systems for the clinical, financial and operations areas of hospitals and healthcare systems. The company, based in North Kansas City, Missouri, employs roughly 26,000 people, and revenue was $5.5 billion in 2020.
Cerner Partners, Market Value, Executive Leadership
Rumors about a Cerner buyout swirled in early 2021, but quieted down when Cerner hired David Feinberg as CEO in October 2021. Feinberg previously was VP if Google Health for nearly three years. Earlier he led Geisinger and UCLA Health.
An Oracle deal for Cerner follows Microsoft's buyout of Nuance Communications for $16 billion in April 2021.
Technology Industry M&A: Previously Deals
Both Oracle and Cerner have extensive M&A experience. Oracle's largest previous acquisitions involved HR software maker PeopleSoft ($10.3 billion in 2005), and cloud ERP (enterprise resource planning) company NetSuite ($9.3 billion in 2016), which had attracted early investment dollars from Oracle founder Larry Ellison.
Cerner, meanwhile, in 2019 acquired AbleVets -- a strategic IT consulting and engineering firm specializing in cyber, cloud and system development solutions for federal and commercial organizations.
Story originally published December 17, 2021. Updated thereafter with additional details.