Oracle has announced that it is going to buy the company specializing in technology systems for sanitation Sift, in an operation that will be the most expensive in its history. He will pay for it no less than 28,300 million of dollars, which is equivalent to 95 dollars for each of its shares. The agreement, which will be closed in 2022 and must be approved by Cerner shareholders, will be an important boost to Oracle’s income, which also has the prospect of growth, since everything points to Oracle will see to it that Cerner’s business reaches more countries.
On the other hand, the purchase of this company will obviously make Oracle have a more than notable presence in the health technology market since then, in a step that seems logical that it has, among its business areas, the development of specific solutions for various verticals. Among them, those of financial services, telecommunications, basic supplies, pharmaceuticals, hospitality, retail, and food and beverages. Cerner will become part of Oracle’s Industry business division, which wants to maintain Cerner’s presence in the Kansas City area as usual.
Hence, Oracle has plans to adapt its solutions according to those that Cerner already has, and thus create joint offerings with the aim of «provide better information to medical professionals, allowing them to make better treatment decisions, which will lead to better results and prognoses for clients«.
Additionally, Oracle will use its new assets to accelerate product development, both current and future, at Cerner. And it will do so specifically, among other purposes, to increase usability and to integrate voice user interfaces into its healthcare technology product lines.
The initial impacts of the combination of Cerner with Oracle will, as expected, include several solutions from Cerner that are supported by the Oracle Gen2 cloud. Also with additional Oracle product integrations to provide user access controls to private patient data. Also the union of other products in line with the plan of both companies to offer «continuous and improved management of health information«.
The Oracle CTO and President Larry Ellison, has highlighted that with this purchase, «Oracle’s business mission expands to take responsibility for offering our oversaturated medical professionals a new generation of easy-to-use tools that allow access to information through a hands-free interface to secure cloud applications«.
