Cerner Shares Soar As Oracle Eyes Healthcare Foray By Takeover: Bloomberg

Shares of Cerner Corp CERN gained momentum on a potential takeover by Oracle Corp ORCL, Bloomberg reports.

• The possible acquisition of the medical-records company marked the software maker's push into health care.
• Cerner, headed by former Alphabet Inc's GOOG GOOGL Google Health's David Feinberg generated $5.51 billion in revenue during 2020, and its sales will likely rise by 5% to $5.8 billion in 2021.
• Cerner competes with Epic Systems Corp and Allscripts Healthcare Solutions Inc MDRX.
• Cerner could serve as an attractive target for Oracle, the second-biggest software maker by revenue. 
• While Oracle has struggled to gain ground in the cloud-computing business, trailing far behind Amazon.com Inc AMZN and Microsoft Corp MSFT, a deal for Cerner would give Oracle a massive foothold in the health industry.
•  Price Action: CERN shares traded higher by 19.1% at $94.71 in the premarket session on the last check Friday.