Enterprise software maker Oracle Corp said on Monday it would buy electronic medical records company Cerner Corp for $28.3 billion, in a bid to strengthen its presence in the healthcare sector.
Cerner shareholders will receive $95 in cash for each share they hold, representing a premium of 5.8% to the company’s closing price on Friday.
The boom has also led to enterprise software companies signing more deals in the health sector, such as Microsoft Corp’s $16 billion buyout offer of Nuance Communications Inc and PE firms Hellman & Friedman LLC and Bain Capital’s deal to buy Athenahealth for $17 billion this year.
Read more/Source: Reuters
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