Oracle Purchase of Cerner Approved

AUSTIN, TX—Today, Oracle Corporation announced that all required antitrust approvals have been obtained for its proposed acquisition of Cerner, including European Commission clearance. Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

Oracle expects to complete the tender offer promptly following the expiration of that offer at midnight Eastern time on June 6, 2022. Completion of the tender offer remains subject to the conditions described in the tender offer statement on Schedule TO filed by Oracle with the U.S. Securities and Exchange Commission on January 19, 2022, as amended.

Oracle Chairman and Chief Technology Officer Larry Ellison will discuss the Cerner acquisition and Oracle’s new suite of cloud-based health management applications at an online event on June 9, 2022, at 3:00 p.m. CT. Register for the event.

“Working together, Cerner and Oracle have the capability to transform healthcare delivery by providing medical professionals with a new generation of healthcare information systems,” said Larry Ellison, Chairman and Chief Technology Officer, Oracle. “Better information enables better treatment decisions resulting in better patient outcomes. Our new, easy-to-use systems are designed to lower the administrative workload burdening our medical professionals while improving patient privacy and lowering overall healthcare costs.”

“We expect this acquisition to be substantially accretive to Oracle’s earnings on a non-GAAP basis in fiscal year 2023,” said Safra Catz, Chief Executive Officer, Oracle. “Healthcare is the world’s largest and most important vertical market—$3.8 trillion last year in the United States alone. We expect Cerner to be a huge growth engine for years to come.”

“Cerner has been a leader in helping digitize medical care, and now it’s time to realize the real promise of that work with the care delivery tools that get information to the right caregivers at the right time,” said David Feinberg, Chief Executive Officer and President, Cerner. “Joining Oracle as a dedicated Industry Business Unit provides an unprecedented opportunity to accelerate our work modernizing electronic health records, improving the caregiver experience, and enabling more connected, high-quality and efficient patient care.”

“Oracle’s Autonomous Database, APEX low-code development tools, and voice-enabled user interface enable us to rapidly modernize Cerner’s systems and move them to our next-generation Cloud,” said Mike Sicilia, Executive Vice President, Industries, Oracle. “This can be done very quickly because Cerner’s largest business and most important clinical system already runs on the Oracle Database. No change required there. What will change is the user interface. We will make Cerner’s systems much easier to learn and use by making hands-free voice technology the primary interface to Cerner’s clinical systems.”

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. Oracle is a National BDPA mission partner and Oracle Scholars scholarship sponsor. For more information about Oracle (NYSE: ORCL), please visit their landing page at www.oracle.com.

— Source and photos: Oracle Corporation


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Black Tech Professionals at Johnson & Johnson Host Black Tech Health Hack

NEW BRUNSWICK, NJ (BDPA-NJ) — Black Tech Health Hack (BTHH) is the annual hackathon organized by Black Technology Professionals (BTP) @ Johnson & Johnson. This event brings together diverse talent to solve real world problems facing our company and the community that we serve.

Hackers are encouraged to use their strengths as technology and business professionals to drive ideas and solutions forward. In addition, BTHH will promote inclusion and innovation, provide business value for J&J, build partnerships with strategic external groups, and showcase and create a pipeline for the advancement of black talent. To register, review, or participate, select our link provided below:

→  https://www.eventbrite.com/e/2021-healthtech-hack-registration-186061062647?aff=bdpa

Johnson & Johnson is a National BDPA Mission Partner and Sponsor.

Sources: National BDPA and BDPA New Jersey (BDPA NJ)

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CTA, HRS Unveil Recommendations for Managing Personal Health With Wearables at CES 2020

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LAS VEGAS, NV — This week, the Consumer Technology Association (CTA)® and Heart Rhythm Society (HRS) released a unique digital health paper recommending best practices for using wearable technology to manage personal health, including detecting and monitoring cardiovascular biometrics. Presented for the first time during a panel at CES® 2020 – the world’s largest, most influential tech event – this paper provides consumer guidance on understanding devices and managing their personal health data.

“The collaboration between HRS and CTA is timely and important for both consumers and clinicians,” said Dr. Andrea Russo, president, HRS. “Chronic diseases are increasing in prevalence and wearables help people monitor their health to aid in earlier diagnosis and better management of their conditions; furthermore, they provide information to the user that fosters a healthier lifestyle.”

“Digital health is changing lives for the better – providing more personalized care, delivering better outcomes and lowering costs,” said Rene Quashie, VP of digital health, CTA. “Wearable solutions are one of the fastest growing sectors in technology. And as more consumers capture personal health information, a cross industry-created guidance document has never been more important to provide clarity on the potential health and wellness benefits of wearables.”

The CTA/HRS Guidance for Wearable Health Solutions paper includes an overview of the wearables landscape and offers advice for consumers on using wearables. A FAQ section tackles topics including data management, when to call a doctor, sharing data with a health provider, data privacy and security policies.

Developed and reviewed by physicians, patient advocates, technology companies and health care organizations, CTA and HRS created these guidelines to answer common questions for consumers that currently own – or want to own – wearables that capture personal health information. The best practices were presented at the Disruptive Innovations in Health Care conference track at CES.

Dr. Nassir Marrouche, lead author of the paper, added, “in this document we aimed to highlight this new intersection between consumer tech and health. We want people to be aware of what these wearables have to offer, how they can increase knowledge about one’s health, and how clinicians are optimistic about the data wearables can deliver.”

According to recent data, CTA projects total sales of digital health devices in the U.S. – such as smartwatches, fitness trackers and blood pressure monitors – will reach $10 billion in revenue in 2020 (up by 16% over last year).

The Health & Wellness category at CES 2020 will have over 20% more exhibitors and 15% more exhibitor space than CES 2019, with notable exhibitors such as Abbott, Cigna, Humana, Omron Healthcare, Myant, Philips and Procter & Gamble.

To download the CTA/HRS Guidance for Wearable Health Solutions document, visit CTA.tech.

by Danielle Cassagnol, CTA

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BDPA 2020 South Regional Technology Conference

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