Oracle To Pay More Than $30 Billion Including Debt for Cerner (wsj.com) 29
Oracle is expected to pay more than $30 billion including debt for electronic-medical-records company Cerner, WSJ reported Monday, citing people familiar with the matter. From a report: The all-cash deal is expected to be announced later Monday and value Cerner at about $95 a share, one of the people said.
I'm poor (Score:2)
So the Oracle customer couldn't pay the bill? (Score:1)
So is this a case of an Oracle customer not being able to pay their Oracle bill? I'm guessing that is who they owe most of their debt to.
Re: (Score:2)
They probably force the customer into debt with everyone else before letting a client owe them money. But this would give a whole new angle on leverage in a leveraged buyout.
Great (Score:3)
Where I work we use Cerner. Wonder how long it will be until we end up getting sued over what amounts to nothing, just like every other Oracle customer.
Re:Great (Score:5, Interesting)
Where I used to work, we specialized in converting hospitals from Cerner to www.epic.com. Both systems, however, are massively complicated and use outdated technology. Healthcare Systems in general are an absolute mess, and converting systems takes years to implement.
I'm glad I'm out of that business. Health care records are a mess because implementations are so specific, and with all the hospital acquisitions and mergers, it only gets worse.
Re: (Score:2)
As a portal user, I can certify that Cerner is garbage. I also use Epic. It is possibly even worse than Cerner. These systems are a disorganized jumble of crud.
Re: Great (Score:2)
We actually recently got done switching from epic to Cerner
Re: (Score:2)
Shit Cerner is garbage. Let's switch to Epic!
Five years later...
Shit Epic is garbage. Let's switch to Cerner!
Re: (Score:2)
EMRs are terrible because stupid beancounters and lawyers got involved, apparently without consulting any real-world doctors, to implement the travesties known as ICD-9 and ICD-10, for the purposes of trying to automate Medicare and Medicaid reimbursement.
I'm 75% convinced that health care costs in the US would drop by 30% if we could just get rid of ICD-9/ICD-10 and go back to entries simply annotated by doctors and reimbursement requests read by human beings.
Re: Great (Score:3)
If it's like any other enterprise software there are as many companies specialized in converting from the other one or even both ways.
99% of the time enterprise software does objectively suck though, partly because the level of complexity involved makes the cost of making things easy multiply, and partly because this class of software exists in the realm where the people requiring it and cutting the checks for it are several steps removed from the people implementing, integrating and maintaining it. So no
"The all-cash deal" (Score:2)
I'm picturing an Oracle executive wheeling over a suitcase filled with used notes that have non-consecutive numbers.
Re: (Score:2)
Even if they were all $100 bills, that would be 300 million bills. A very big suitcase. If you were to stack the bills in one stack, it would be over 2,000 miles tall.
If you were to pack them into average size large suitcases, it would take nearly 4,200 suitcases.
Re:Wow, people are catching on... (Score:4, Interesting)
Enough people have realized that Oracle is a predatory company
Oracle, long ago, learned that it was difficult for analysts to fairly value the company since acquisitions allow a lot of one time accounting tricks that can hide a lot of bad news in the core business. Oracle must continue to acquire to maintain that lack of financial transparency. Once they stop acquiring some analysts may notice the company is overvalued, and Larry might have to sell his island and big yachts (and Larry can never let that happen).
Fiasco (Score:2)
Cerner is garbage (Score:3)
I use Cerner's medical portal sites. They are utter garbage. Appear to be software written by new H1B recruits, or maybe even outsourced to Kazakhstan. Currently, they have lost all my sent communications from before last month, and no one has a clue why. Oracle is just looking at the bottom line. They will lose.
Re: (Score:2)
Is their software any better?
No. I also use Epic, and they are also garbage. At least Cerner allows uploads; Epic does not.
I also use portals from a few smaller players. Even worse garbage. This software was written by people who not only had no clue about UX or UI, but know nothing about medicine, not even from a consumer's standpoint.
Re:Cerner is garbage (Score:5, Funny)
I use Cerner's medical portal sites. They are utter garbage.
Oracle: "Hold my beer"
I'm honestly excited to see how much worse Oracle and make it.
Re: (Score:2)
, or maybe even outsourced to Kazakhstan.
Kazakhstan - greatest coders in the world!
Oh, wonderful (Score:2)
"I'm sorry, we know your doctor prescribed that medication/ordered that surgery, but we don't have the ExpandedOracle data, and so we're going to refuse to pre-approve that."
Re: (Score:3)
I feel sorry for the folks who work at Cerner (Score:2)
Oracle will turn the company (which was a semi-nice place to work) into a shithole.
ORACLE (Score:3)
O ne
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A sshole
C alled
L arry
E llison