Oracle’s $28.3 Billion Acquisition of Cerner

Latham & Watkins represented Cerner in the transaction. Hogan Lovells advised Oracle Corporation. Fried Frank acted as counsel to Goldman Sachs and Centerview Partners as financial advisers to Cerner Corporation.

Oracle Corporation (NYSE: ORCL) and Cerner Corporation have jointly announced an agreement for Oracle to acquire Cerner through an all-cash tender offer for US$95.00 per share, or approximately US$28.3 billion in equity value.

Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud.

Cerner is a leading provider of digital information systems used within hospitals and health systems to enable medical professionals to deliver better healthcare to individual patients and communities.

Latham & Watkins represented Cerner in the transaction with a corporate deal team led by Chicago partner Mark Gerstein (Picture), Century City partner James Beaubien, and Chicago partner Christopher Drewry, with associates Sean McDermott Parish, Aidan Milstead, and Jake Wasserman. Advice was also provided on antitrust matters by Washington, D.C. partners Amanda Reeves and Ian Conner and Brussels partner Hector Armengod; on benefits and compensation matters by Los Angeles partner Michelle Carpenter, with associate Vanessa King; on data privacy matters by Bay Area counsel Heather Deixler; on environmental matters by Los Angeles partner Maria Pilar Hoye and Los Angeles counsel Aron Potash; on FCPA matters by Chicago partner Meredith Monroe, with associate Joseph Grosser; on finance matters by Chicago partner Cindy Caillavet Sinclair, with associate Katherine Stork; on government contracts matters by Washington, D.C. counsels Dean Baxtresser and Kyle Jefcoat; on healthcare regulatory matters by Los Angeles partner Daniel Settelmayer, with associate Felicia Alexander; on intellectual property matters by Orange County partner David Kuiper, with associate Veronica Ye; on litigation matters by Orange County partner Michele Johnson and San Diego partner Colleen Smith; on real estate matters by Los Angeles partner Kim Boras; on securities matters by Century City partner Brent Epstein, with associate Andrew Rutsky; on tax matters by Bay Area partner Grace Lee, with associate Jake Meninga; and on trade controls and sanctions matters by Washington, D.C. associate Andrew Galdes.

Hogan Lovells M&A team was led by partners Keith Flaum (Silicon Valley), Chris Moore (Silicon Valley), and Matthew Eisler (Denver/NY). The team included senior associates Jalpit Amin (Silicon Valley) and Ben Shellhorn (Denver), and associate Andrew Brandes (Denver).

The Fried Frank team was led by corporate partner Roy Tannenbaum and included corporate partner Philip Richter, corporate associate Michelle Lotfalla, and corporate law clerk Daniel He.

Involved fees earner: Michelle Lotfalla – Fried Frank Harris Shriver & Jacobson; Philip Richter – Fried Frank Harris Shriver & Jacobson; Roy Tannenbaum – Fried Frank Harris Shriver & Jacobson; Jalpit Amin – Hogan Lovells; Andrew Brandes – Hogan Lovells; Matthew Eisler – Hogan Lovells; Keith Flaum – Hogan Lovells; Christopher Moore – Hogan Lovells; Ben Shellhorn – Hogan Lovells; Felicia Alexander – Latham & Watkins; Héctor Armengod – Latham & Watkins; Dean Baxtresser – Latham & Watkins; Jim Beaubien – Latham & Watkins; Kim Boras – Latham & Watkins; Cindy Caillavet Sinclair – Latham & Watkins; Michelle Carpenter – Latham & Watkins; Ian Conner – Latham & Watkins; Heather Deixler – Latham & Watkins; Christopher Drewry – Latham & Watkins; Brent Epstein – Latham & Watkins; Andrew Galdes – Latham & Watkins; Mark Gerstein – Latham & Watkins; Joseph Grosser – Latham & Watkins; Maria Pilar Hoye – Latham & Watkins; Kyle Jefcoat – Latham & Watkins; Michele Johnson – Latham & Watkins; Vanessa King – Latham & Watkins; David Kuiper – Latham & Watkins; Grace Lee – Latham & Watkins; Jake Meninga – Latham & Watkins; Aidan Milstead – Latham & Watkins; Meredith Monroe – Latham & Watkins; Sean Parish – Latham & Watkins; Aron Potash – Latham & Watkins; Amanda Reeves – Latham & Watkins; Andrew Rutsky – Latham & Watkins; Daniel Settelmayer – Latham & Watkins; Colleen Smith – Latham & Watkins; Katherine Stork – Latham & Watkins; Jake Wasserman – Latham & Watkins; Wenqian Ye – Latham & Watkins;

Law Firms: Fried Frank Harris Shriver & Jacobson; Hogan Lovells; Latham & Watkins;

Clients: Centerview Partners; Cerner Corporation; Goldman Sachs; Oracle Corporation;