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Software giant Oracle has agreed to buy electronic medical records company Cerner in an all-cash deal for US $ 28.3 billion in equity, the largest on record for Oracle.

Cerner is a leading provider of digital information systems used in hospitals and healthcare systems. The deal, which is expected to close in calendar year 2022, is expected to help strengthen Oracle’s presence in the healthcare industry by bringing more healthcare data to its cloud services.

“With this acquisition, Oracle would be able to provide healthcare professionals with a new generation of easier-to-use digital tools that provide access to information through a hands-free voice interface to secure cloud applications,” said said Larry Ellison, president and chief executive officer. Technology Officer, Oracle.

“This new generation of medical information systems promises to reduce the administrative workload on our healthcare professionals, improve confidentiality and patient outcomes, and reduce overall healthcare costs,” a- he added.

Many big tech companies have toured the healthcare market. Microsoft announced its $ 19.7 billion deal to buy Nuance Communications in April, for example. Amazon and Google are also said to be focusing on the sector, estimated at $ 3.8 trillion per year in the United States alone.

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