According to sources familiar with the matter at hand, Oracle is in talks to acquire electronic medical records company Cerner in a deal valued at $30 billion.
The potential deal could bring Oracle a raft of health data to train and improve its artificial intelligence-based cloud services, boosting its presence in the healthcare industry.
If the deal goes through, it will mark Oracle’s biggest acquisition to date. As per a report from WSJ the deal, with a market value of more than $280 billion, could be one of the largest takeovers of 2021.
Cerner is the biggest seller of electronic health record software in the United States after Epic Systems Corp.
In 2019, it had named Amazon Web Services as its preferred cloud provider and said the two companies were collaborating on AI services for health companies.
Neither Oracle nor Cerner immediately respond to requests for comments.