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ABU DHABI - Oracle Health, a division of Oracle Corporation (NYSE: ORCL) - a prominent player in the software industry with a market capitalization of $447 billion and an overall "Good" financial health rating according to InvestingPro - along with Cleveland Clinic and G42 have announced a strategic partnership to develop an AI-based healthcare delivery platform. The collaboration aims to enhance patient care and public health management through advanced AI, data analytics, and clinical applications. The platform, which will integrate Oracle Cloud Infrastructure, Oracle AI Data Platform, and Oracle Health applications with Cleveland Clinic’s clinical expertise and G42’s AI infrastructure and health data capabilities, is expected to provide secure and scalable healthcare solutions. With Oracle’s impressive gross profit margin of 71% and annual revenue exceeding $55 billion, the company has demonstrated strong operational efficiency in its existing business lines.
The initiative will start with the United States and the United Arab Emirates and is designed to deliver high-quality, affordable care globally. It will focus on improving diagnostics, personalizing treatments, and optimizing outcomes while reducing healthcare costs. The AI-driven infrastructure will support the transition from reactive treatment to proactive wellbeing, addressing challenges such as aging populations and chronic diseases.
Larry Ellison, Oracle’s Executive Chairman and CTO, stated that the partnership would reinvent healthcare delivery by understanding disease and population health, thus improving patient care and reducing costs. Tom Mihaljevic, President and CEO of Cleveland Clinic, emphasized the moral imperative to create solutions that benefit global health, suggesting that an AI-enabled model of care could deliver better outcomes and expand access. Peng Xiao, Group CEO at G42, highlighted the partnership’s potential to redefine health with precision and equity.
The platform will also facilitate life sciences innovation by bridging the gap between clinical research and care, enabling faster identification of clinical trial candidates and monitoring of therapies. This collaboration is part of a non-binding agreement and builds on the existing relationship between Cleveland Clinic and G42 through Cleveland Clinic Abu Dhabi.
This partnership is poised to set a new standard for public-private collaboration and data-driven innovation in healthcare. For investors interested in deeper insights into Oracle’s financial performance and growth potential, InvestingPro offers comprehensive analysis including 13+ additional ProTips and detailed valuation metrics. The information for this article is based on a press release statement.
In other recent news, Oracle Corporation has been in the spotlight with several notable developments. The company reported advancements in its AI technology, particularly with the deployment of NVIDIA Blackwell GPUs, which could potentially drive revenue growth in the upcoming quarters. Barclays has maintained its Overweight rating on Oracle, citing these advancements as a positive indicator for future performance. Additionally, Oracle secured a task order to provide cloud services to the U.S. Army, demonstrating its growing influence in the defense sector. This task order is part of the Department of Defense’s Joint Warfighting Cloud Capability contract, emphasizing Oracle’s commitment to supporting government digital transformation.
Furthermore, Cantor Fitzgerald also reaffirmed its Overweight rating on Oracle, highlighting the company’s strategic moves in the cloud sector. Oracle’s aggressive pricing and innovative cloud solutions are enabling it to capture more market share, despite being categorized as a tier 3 provider. The company continues to offer incentives to attract new customers, which is contributing to its incremental growth in the cloud marketplace. These recent developments underscore Oracle’s efforts to expand its technological capabilities and market presence.
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