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Morning Headlines 9/12/23

September 11, 2023 Headlines No Comments

Oracle comes up short on revenue but touts AI cloud contracts

Oracle’s quarterly revenue falls short of analyst expectations, with Cerner’s revenue growth slowed by its “accelerated transition” to the cloud.

Cano Health Announces Plans for Regaining Compliance with NYSE Stock Price Criteria

The NYSE puts troubled primary care company Cano Health on notice for listing noncompliance, given that the average closing price of a share of its Class A common stock was less than $1.00 per share over a consecutive 30 trading-day period.

Thoma Bravo Weighs $1 Billion Private Credit Loan for NextGen Acquisition

Private equity firm Thoma Bravo considers arranging $1 billion in private financing for its acquisition of ambulatory health IT company NextGen Healthcare.

CT hospitals unsure if patient records were breached in cyberattack

Prospect Medical Holdings is working to determine if patient information within its 16 hospitals was breached in a ransomware attack by the Rhysida group more than a month ago.

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  1. Upvote for Living Colour. And I had lost track of them too, after their initial breakout success. "Cult of Personality"…

  2. The part that Gurley totally missed, and I as many others lived thru it, was that in the early 2000's…

  3. Does use of the "cloud" infrastructure mean that Oracle's newly transformative platform will be vaporware like many of Cerner's previously…

  4. To Code Spewer (above): 100% agree re CASE tool hype/hope, and long known - sadly ignored by IT - reality…

  5. Four points - 1. Is an "Epic" possible in today's regulatory world? 2. How many EHRs were there in 2009?…

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