Big tech is splashing on health tech
Software giant Oracle has agreed to buy electronic medical records company Cerner in an all-cash deal for US$28.3 billion in equity value, the largest ever for Oracle.
Cerner is a leading provider of digital information systems used within hospitals and health systems. The deal, expected to close in calendar year 2022, is expected to help boost Oracle’s presence in health care sector by bringing more health data to its cloud services.
“With this acquisition, Oracle would be able to provide 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 ,” said Larry Ellison, Chairman and Chief Technology Officer, Oracle.
“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 healthcare costs,” he added.
Numerous major technology firms have been circling the health market. Microsoft’s announced its US$19.7 billion deal to buy Nuance Communications in April, for instance. Amazon and Google are also reportedly focusing on the sector, estimated to worth US$3.8 trillion annually just in the US alone.
-- Contact us at [email protected]
-
Czech National Ballet in Hong Kong Arts Festival Kevin Ng
Nowadays Hong Kong seldom plays host to overseas ballet companies, except during the annual Hong Kong Arts Festival. Czech National Ballet is the only ballet company touring this year’s Festival. Its
-
Are Hong Kong migrants to UK returning home? Mark O'Neill
“She was a schoolteacher in Hong Kong and now works as a cashier in a supermarket in Britain. I think she and her husband would like to come back but it is a question of face. How would she explain
-
Collaboration to Transform Waste into Resources Dr. Winnie Tang
Over the past decade, the amount of waste produced by Hong Kong residents has remained high. According to government data, the per capita municipal solid waste disposal rate per day in Hong Kong
-
Is certainty a sin？ Brian YS Wong
A few weeks back, I watched one of the most widely anticipated releases of 2024 – Conclave, a riveting political thriller directed by Edward Berger. Without giving too much away, I would settle for
-
Why Carpe Diem Brian YS Wong
“Carpe Diem” – we are told. To seize the day, is a moral prerogative. We must expend each and every hour, minute, and second with due care and caution, paying conscientious heed to the fact that our
