Yahoo Finance provides financial data and news related to Cerner Corporation, now a part of Oracle. Looking at Cerner’s history and Oracle’s acquisition provides context for the information available on Yahoo Finance.
Cerner, prior to being acquired, was a major player in the healthcare information technology (HIT) industry. It developed software, hardware, and services to support the clinical, financial, and operational needs of healthcare organizations. Its flagship product, Millennium, was an electronic health record (EHR) system used by hospitals, physician practices, and other healthcare providers to manage patient data, streamline workflows, and improve patient care.
On Yahoo Finance, prior to the acquisition, one could find information on Cerner’s stock performance (ticker symbol CERN), including historical prices, trading volume, and key financial metrics like earnings per share (EPS), price-to-earnings (P/E) ratio, and dividend yield (if applicable). Analysts’ ratings and price targets for the stock were also typically available, offering insights into market sentiment and potential future performance.
News articles specifically relating to Cerner were readily accessible. These included press releases from the company regarding earnings reports, product announcements, partnerships, and executive appointments. Furthermore, Yahoo Finance aggregated news stories from various financial news outlets covering Cerner’s performance, industry trends affecting the company, and any regulatory or legal developments involving Cerner.
Fundamental financial data, such as Cerner’s income statement, balance sheet, and cash flow statement, were also available. This allowed investors to analyze the company’s revenue, profitability, assets, liabilities, and cash flows over time. Key financial ratios, calculated from these statements, provided further insights into Cerner’s financial health and efficiency.
Oracle’s acquisition of Cerner significantly changed the landscape. Announced in December 2021 and completed in June 2022, the deal brought Cerner’s expertise in healthcare IT under the umbrella of Oracle’s vast technology portfolio. The acquisition was valued at approximately $28.3 billion. Oracle viewed Cerner as a strategic asset that could help it expand its presence in the healthcare sector and leverage its cloud computing and data analytics capabilities to improve healthcare delivery.
Now that Cerner is part of Oracle, information on Yahoo Finance is more likely to focus on Oracle’s performance and strategy as it relates to the Cerner business unit. While historical data on CERN (Cerner’s former ticker) might still be available for reference, current news and financial data will likely be integrated into Oracle’s overall reporting. Investors interested in the impact of Cerner on Oracle’s financials would need to examine Oracle’s earnings reports and listen to investor calls to understand the performance of the healthcare division.
The acquisition reflects a trend towards consolidation in the healthcare IT industry, as larger technology companies seek to gain a foothold in the rapidly growing market. The integration of Cerner into Oracle raises questions about the future of EHR systems, data interoperability, and the role of technology in shaping the future of healthcare.