By Kimberly Chin
Cerner Corp.’s shares climbed 20% in after-hours trading to $96 after news the company was in discussions to be acquired by Oracle Corp.
The deal could be valued at around $30 billion and help push the enterprise-software giant further into healthcare, The Wall Street Journal reported, citing people familiar with the matter.
Kansas City, Mo.-based Cerner designs software that hospitals and doctors use to store and analyze medical records and other healthcare data. Its market value sits at around $23 billion.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
December 16, 2021 19:18 ET (00:18 GMT)
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