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AP National Business

Oracle buys medical records company Cerner for $28 billion

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Published 7:08 AM

Oracle is buying electronic medical records company Cerner in an all-cash deal valued at about $28.3 billion. Oracle will pay $95 per Cerner share. Hospitals and physicians offices use Cerner software to record and share health and medical data. The companies said Monday that Cerner systems will become a unit of Oracle. Shares of Oracle are down more than 3% in morning trading.

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