Oracle confirmed plans Monday to acquire health care IT company Cerner Corp. in an all-cash tender offer of $28.3 billion, or $95 a share, giving the tech giant a leg-up in the health tech space.

Oracle Corporation (NYSE:ORCL) made a $28 billion bet on Cerner Corporation to revolutionize ... system caused over 11,000 orders for medical care to disappear into an “unknown queue ...