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Photo: Justin Sullivan/Getty Images

Technology giant Oracle on Monday said it will buy Cerner, one of the largest vendors of electronic health record systems, for $28.3 billion in cash.

Why it matters: Oracle becomes an even bigger health care player, as 25% of all hospitals use Cerner's electronic records system.

The big picture: The deal, first reported by the Wall Street Journal, is the biggest-ever for Oracle.

  • Oracle already sells different types of software to health insurers, hospitals, drug companies and public health departments.
  • The tech giant could use the Cerner acquisition as a way to convince hospitals and physician clinics to convert more of their software to Oracle's.

Between the lines: Cerner has long been very profitable, but its earnings started to plateau before the pandemic and it still trails Epic in EHR market share.

  • Selling Cerner is a quick turnaround for CEO David Feinberg, who was at Google and used to lead Geisinger Health System before taking over Cerner last August.

Go deeper

Jan 6, 2022 - Health

Exclusive: Nomi Health buys Artemis for $200M

Illustration: Annelise Capossela/Axios

Payment startup Nomi Health has acquired Artemis Health, which uses data to help U.S. employers fine-tune health offerings, in a $200 million deal.

Why it matters: The pairing of the two payment-minded startups is part of an ongoing consolidation wave in digital health where small, like-minded upstarts combine their assets to round out their offering.

Updated 2 hours ago - World

Pentagon: 8,500 troops on high alert for possible deployment to eastern Europe

Photo: Anna Moneymaker/Getty Images

Defense Secretary Lloyd Austin has placed 8,500 U.S. troops on "heightened preparedness to deploy" to eastern Europe in case NATO activates its rapid-response force over tensions with Russia, the Pentagon announced Monday.

Why it matters: No decisions have been made to actually deploy U.S. forces, but the heightened alert level will allow the military to rapidly shore up NATO's eastern flank in the event that Russia invades Ukraine. The Pentagon warned that Russia has shown "no signs of de-escalating," and continues to amass troops on Ukraine's borders.

Updated 2 hours ago - Politics & Policy

Biden calls Fox News reporter a "stupid son of a b---h" on hot mic

President Biden blasted Fox News' Peter Doocy on Monday after the reporter asked if the nation's soaring inflation is a political liability, saying, "what a stupid son of a b----h."

The latest: The president called Doocy Monday evening, the reporter told Fox's Sean Hannity. "He cleared the air and I appreciated it. We had a nice call," Doocy said when asked whether the president apologized, adding: "I don't need anyone to apologize to me."