Editing Oracle Corporation (section)

=== Cerner acquisition ===
{{Main|Oracle Health}}
On December 20, 2021, Oracle announced that it had entered into an agreement to acquire [[Cerner|Cerner Corporation]] (now ''Oracle Health'' and ''Oracle Life Sciences'') for approximately {{USD|28.3 billion}}, creating a dedicated Industry Business Unit within the company. Cerner is the largest international supplier of health information technology, such as [[electronic health record]]s (EHR), [[Revenue cycle management|revenue cycle]] solutions, and biomedical device integration platforms, and has its headquarters in Kansas City, Missouri, US.<ref name=":2">{{Cite web |date=20 December 2021 |title=Oracle Buys Cerner |url=https://www.oracle.com/au/news/announcement/oracle-buys-cerner-2021-12-20/ |access-date=1 October 2024 |website=Oracle}}</ref> The deal closed in early July 2022 after receiving final approval from European regulators, making it Oracle's largest acquisition and one of the largest in corporate history.<ref name=":3">{{Cite news |last=Landi |first=Heather |date=7 June 2022 |title=Oracle closes $23B deal to buy EHR giant Cerner |url=https://www.fiercehealthcare.com/health-tech/oracle-gets-european-approval-28m-cerner-deal-set-close-next-week |access-date=1 October 2024 |work=Fierce Healthcare}}</ref>

Oracle's purchase of Cerner is part of an effort to introduce Oracle products into the healthcare market, particularly in the United States although Oracle plans to expand Cerner's global operations.<ref name=":3" /> It mirrors closely to expansions of other large information technology companies such as Google, Microsoft and Amazon into the healthcare sector. Cerner already used Oracle solutions for its "largest business and most important clinical system", and Oracle announced its intention to integrate autonomous solutions such as the Oracle Voice Digital Assistant into Cerner clinical solutions. Oracle additionally has shared its plans to improve the usability and user experience of Cerner solutions.<ref name=":2" />

While the acquisition was originally met with mixed reactions by industry and investors, some industry experts have developed a more positive perception of the purchase. Cerner won a major contract in 2017 to supply its EHR software to the US Department of Defense and [[Veterans Administration Hospital]]s, which resulted in Cerner "leaving its traditional base of hospital systems high and dry" with delays in resolving issues and implementing innovations. Oracle's acquisition allows for the larger corporation to support Cerner's operations, with the goal of "addressing basic operational issues... improving resiliency and usability" in the short-term.<ref>{{Cite web |last=Moore |first=John |date=17 March 2023 |title=Re-evaluating Oracle's acquisition of Cerner - in a positive light |url=https://www.healthdatamanagement.com/articles/re-evaluating-oracles-acquisition-of-cerner-in-a-positive-light |access-date=1 October 2024 |website=HealthData Management}}</ref> Some opinions have expressed longer-term concern, with Oracle Health expecting a decline in US-based sales in 2024, although an increase in global sales. Additionally, clients of Cerner have reported minimal improvements to the core system and a focus by Oracle on future advancements over resolving current issues.<ref>{{Cite news |date=9 May 2024 |title=Report: Oracle Health Facing Challenges Modernizing Outdated Systems |url=https://www.pymnts.com/healthcare/2024/report-oracle-health-facing-challenges-modernizing-outdated-systems/ |access-date=1 October 2024 |work=Pymnts}}</ref>

A September 2024 announcement by Oracle listed "tens of thousands of engineering hours and millions of dollars" of investments in the core clinical operations, and the release of the highly anticipated Oracle Clinical Digital Assistant, a generative AI system that automatically creates consultation documentation and proposes orders.<ref>{{Cite news |last=Greenwood |first=Stephanie |date=18 September 2024 |title=Oracle Delivers New Electronic Health Record Innovations |url=https://www.oracle.com/news/announcement/oracle-delivers-new-electronic-health-record-innovations-2024-09-18/ |access-date=1 October 2024 |work=Oracle News}}</ref>