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Cerner Shares Soar on Report Oracle Is in Takeover Talks

  • Purchase by Oracle would be software company’s biggest deal
  • Former Google Health VP joined Cerner as CEO on Oct. 1
Cerner Corp. CEO David Feinberg

Cerner Corp. CEO David Feinberg

Photographer: Kyle Grillot/Bloomberg
Updated on

Cerner Corp. shares had their best day in almost a decade following a report that Oracle Corp. is in talks to buy the medical-records company for about $30 billion, part of the software maker’s push into health care.

A deal could be reached soon, the Wall Street Journal reported Thursday, citing unidentified people familiar with the situation. If the transaction goes through, it would mark Oracle’s biggest acquisition yet. Representatives of Oracle and Cerner didn’t respond to repeated requests for comment on the report.