Hogan Lovells guides Oracle in sale of Cerner clinics division
Denver, 21 August 2023 – A team from global law firm Hogan Lovells has advised Oracle Corporation on the sale of the on-site and near-site clinics division of Oracle Cerner to Marathon Health. Oracle acquired the company last year as part of a larger transaction to buy Cerner Corporation. Financial details on the sale of the clinics were not disclosed.
Cerner is a leading provider of digital information systems used in hospitals. Oracle will retain Cerner’s digital assets, which include cloud, AI, and machine learning applications for Cerner's healthcare clients.
Announcing the transaction, which closed on 1 August, Marathon confirmed that it has acquired Cerner’s approximately 300 ambassadors, 21 clients, 35 health centers, and 300,000 members.
Hogan Lovells also advised Oracle on its original US$28.3 billion acquisition of Cerner in December 2021. More information on that transaction can be found here.
The Hogan Lovells team was led by Corporate & Finance partner Matthew Eisler (Denver). Eisler was assisted by Corporate & Finance partner Adrienne Ellman, senior associates Jake Shaner and Shaida Mirmazaheri, and associate Jason Lee (all New York). Additionally, partner Jeff Schneider, and senior associate Lindsey Johnson (both New York), and associate Eva Marie Shafini (Los Angeles) assisted on regulatory aspects; partner Scott Loughlin and senior associate Khaled Mowad (both Washington, D.C) assisted on privacy matters; and partner Mike Frank (Silicon Valley) and associate Laura Pappas (Los Angeles) advised on employee benefits.
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