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Oracle's $28B Gamble On Cerner's AI-Driven Health Records System Backfires
Oracle Corporation (NYSE:ORCL) made a $28 billion bet on Cerner Corporation to revolutionize healthcare. However, the electronic health records system has been linked to patient deaths ...
Business Insider9mon
Oracle's deadly gamble
That was the promise of Cerner, the medical-records company Oracle bought in 2021 for $28.3 billion — Oracle's biggest acquisition. At the time, Cerner managed the electronic health records for ...
CRN2y
Oracle Considered $1B In Cuts, ‘Thousands’ Of Layoffs: Report
The potential layoffs come on the heels of Austin, Texas-based Oracle closing its $28 billion acquisition of Cerner to give the company a deeper presence in the healthcare technology space.
Becker's Hospital Review7d
Watchdog: VA's Oracle Health EHR project could cost nearly $50B
The VA originally signed a $10 billion contract with Cerner in May 2018 to implement the new system. After Oracle acquired Cerner in 2022, the contract was revised to more than $16 billion. The EHR ...
Bloomberg on MSN9mon
Oracle’s Cerner Unit Customer Losses to Epic Accelerated in 2023
(Bloomberg) -- Oracle Corp.’s digital health records business continued to lose market share in the US in 2023, underscoring ...