Oracle Corp.’s acquired health records unit will be led by Seema Verma, former head of Medicare in the Trump administration, who joined Oracle last year to run its life sciences businesses.
Verma, now an executive vice president, is expanding her role to oversee Oracle Health, the re-branded name for Cerner Inc., as the software maker works to integrate the company it bought almost two years ago for about $29 billion. Verma’s appointment to run the unit was announced in December, according to a January internal memo viewed by Bloomberg.
Oracle’s ownership of Cerner has faced some hiccups as revenue is increasing slower than Wall Street analysts’ projected. Management said in September that the company is working to shift Cerner’s business to cloud subscriptions, which means it must change the structure of contracts with many customers. It has also cut jobs in the unit, and Chief Executive Officer Safra Catz has spoken of driving profitability to “Oracle standards.” …
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