Oracle-Cerner

At $28.3 billion, it’s a behemoth of a deal. Oracle shelled out that amount for Cerner, a provider of digital information systems used within hospitals and health systems. According to Larry Ellison, Oracle’s chairman and CTO, the goal is to transform health care delivery.

“With this acquisition, Oracle’s corporate mission expands to assume the responsibility to provide our overworked medical professionals with a new generation of easier-to-use digital tools that enable access to information via a hands-free voice interface to secure cloud applications,” Ellison said. “This new generation of medical information systems promises to lower the administrative workload burdening our medical professionals, improve patient privacy and outcomes, and lower overall health care costs.”

Read more about Oracle’s projected revenue growth because of the deal.