The 10 Biggest Tech M&A Deals Of 2022 (So Far)
Despite the economic uncertainties of 2022, the pace of mergers and acquisitions in the IT industry doesn’t seem to have slowed. Here’s a look at the biggest tech mergers and acquisitions that have been announced, completed or are still in the works in 2022 (so far).
No. 10: Oracle Makes Big Bet On IT Health Care With $28 Billion Cerner Acquisition
On June 7 Oracle completed its $28.3 billion acquisition of Cerner, a developer of health-care digital information systems, in a move that greatly expands Oracle’s footprint in the health-care IT market.
Oracle, based in Austin, Texas, announced the deal to buy Kansas City, Mo.-based Cerner in December 2021 and spent the first half of 2022 gaining the necessary shareholder and regulatory approvals. Cerner is now an industry business unit within Oracle.
Oracle already has a presence in the health-care market with its broad product portfolio. The company plans to modernize Cerner’s electronic medical records software with the Oracle Autonomous Database, Apex low-code development tools and the hands-free Voice Digital Assistant. More broadly Oracle will link the Cerner software to Oracle’s applications including its ERP and human resources management offerings.
Solution providers told CRN that health care is already a strong vertical for their Oracle practices and the addition of Cerner’s technology would boost Oracle’s position in health-care data analytics and AI.