Oracle expects to complete its $95 per share tender offer for Cerner on June 6 paving the way for the company's largest acquisition ever.
will discuss the Cerner acquisition as well as the company's new suite of cloud-based health management applications during an online event on June 9.
"Working together, Cerner and Oracle have the capability to transform healthcare delivery by providing medical professionals with a new generation of healthcare information systems," Ellison said in a statement. "Better information enables better treatment decisions resulting in better patient outcomes.
The acquisition, which was first announced in December, will be "substantially accretive" to Oracle's earnings on a non-GAAP basis in fiscal year 2023 and will "contribute more to earnings thereafter." Oracle CEO Safra Catz emphasized that Cerner will be a "huge growth engine for years to come."
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