Oracle’s deal to acquire Cerner is expected to be announced later Monday.
Photo:
Justin Sullivan/Getty Images
Oracle Corp.
ORCL -6.39%
is expected to pay more than $30 billion including debt for electronic-medical-records company
Cerner Corp.
CERN 12.93%
, according to people familiar with the matter.
The all-cash deal is expected to be announced later Monday and value Cerner at about $95 a share, one of the people said.
Should a deal come together, it would rank as the biggest ever for Oracle, which has a market value of around $260 billion. Its shares fell more than 6% Friday after The Wall Street Journal reported that a deal was imminent.
Oracle, a Silicon Valley veteran that last year moved its headquarters to Austin, Texas, is one of the biggest software providers to other companies and organizations.
Kansas City, Mo.-based Cerner designs software that hospitals and doctors use to store and analyze medical records and other healthcare data.
Write to Dana Cimilluca at [email protected] and Cara Lombardo at [email protected]
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