Accelerate your entry into the health field! Oracle is planning a big deal for $30 billion

According to media reports, Oracle is negotiating the acquisition of medical information company Cerner, a transaction valued at $30 billion.

Affected by this news, Senna U.S. stocks rose more than 16% before market hours.

The Wall Street Journal reported that assuming the talks did not break down or drag on, a deal could be finalized soon. If the deal closes, it would be the largest oracle transaction ever made by Oracle, which is worth more than $280 billion. The deal would easily outweigh Oracle's $10 billion acquisition of enterprise software company PeopleSoft in 2005.

As early as May this year, there was market news that Senna could be a target for acquisitions, and potential buyers included Microsoft, Google and Oracle.

Public information shows that senna, missouri-based, is a leading provider of information systems for the U.S. healthcare industry. The company designs, installs, and supports an application health network architecture developed around a single architecture that allows clinics, hospitals, HMOs, physicians, and integrated health organizations (IHOs) to share clinical and management data across multiple disciplines and facilities. As a leader in the EHR field, the company has not only built a comprehensive health network architecture, but also provided solutions for self-funded employers.

Senna is currently worth about $23 billion. Based on typical acquisition premium calculations, the market expects the deal to bring the company to around $30 billion.

As a veteran enterprise in Silicon Valley, Oracle is famous for its database software, although it lags behind its larger competitors Amazon, Microsoft, Google, etc. in the competition to monopolize the cloud computing market, but the increased layout of the cloud computing business has also made its stock price rise significantly. The acquisition could help Oracle move to cloud computing.

The deal will also help Oracle further capture the healthcare market. Companies already have a prominent presence in healthcare, offering technologies designed to help health insurance companies, healthcare providers, and public health systems parse data to increase efficiency and improve patient outcomes.

As the COVID-19 pandemic has prompted more companies to shift to a hybrid work model, countries around the world have seen increased spending on cloud technology, benefiting other companies such as Oracle, Salesforce, Amazon, and Microsoft.