Oracle completes $28.4B Cerner acquisition

Oracle said it completed its $28.4 billion acquisition of electronic health records company Cerner.

Technology giant Oracle announced plans to buy Cerner late last year through an all-cash tender offer of $95 per share.

On Tuesday, Oracle said the majority of outstanding shares of Cerner were validly tendered and the deal will close Wednesday.

Austin, Texas-based Oracle has described Cerner as the company’s “anchor asset” as it expands into…