TORONTO – Sunnybrook Health Sciences Centre has chosen Oracle Health (NYSE: ORCL) to roll out a new electronic health record (EHR) system across its network, according to a press release issued Monday. Oracle, a major player in the software industry with annual revenues of $59.02 billion, continues to grow its presence in healthcare technology. Data from InvestingPro indicates the company has a strong financial foundation, making it well-suited for large-scale projects like this.
The Toronto-based academic health sciences centre plans to consolidate multiple existing systems into Oracle’s AI-powered EHR platform. The goal is to give clinicians a more complete view of patient data while improving communication and coordination among care teams.
Home to Canada’s leading trauma and burn centres and one of the country’s largest veterans’ care facilities, Sunnybrook aims to unify operations across its campuses with the new platform.
“Using Oracle Health technology to integrate our health records will transform the care experience for both patients and our healthcare teams,” said Dr. Andy Smith, President & CEO of Sunnybrook Health Sciences Centre.
The new system is expected to reduce the administrative burden on staff by cutting down on manual documentation and enabling more seamless sharing of patient information.
Erin O’Halloran, vice president and Canada market leader at Oracle Health, noted that the integrated system will help support Sunnybrook’s mission “to care for patients and families when it matters most.”
Sunnybrook cares for more than 1 million patients each year and employs over 12,000 staff and volunteers. Its services include critical care, cancer treatment, trauma care, and high-risk pregnancies.
The financial terms of the agreement were not disclosed in the announcement. Oracle’s stock has delivered a strong performance this year, posting a 76.55% year-to-date return. However, InvestingPro analysis suggests the stock is currently trading above its Fair Value. For investors seeking deeper insights, Oracle’s in-depth Pro Research Report is available—one of over 1,400 reports offering comprehensive analysis and actionable intelligence for more informed investment decisions.
In other developments, Oracle recently upgraded its Public Safety Suite, introducing AI-driven analytics and voice command features aimed at supporting law enforcement and emergency responders. The enhanced platform includes officer body-worn cameras and AI-powered mobile voice controls, enabling tasks like license plate checks and report dictation through voice commands.
On the financial side, JPMorgan downgraded Oracle’s rating from Overweight to Neutral, citing significant capital requirements and a lack of clarity around the company’s financing strategy for its AI expansion efforts. Oracle plans to invest more than $35 billion in capital expenditures this year, underscoring its aggressive push into the AI space.
Despite the downgrade, TD Cowen raised its price target for Oracle to $400 while maintaining a Buy rating, driven by positive updates on Oracle’s Cloud Infrastructure business and long-term revenue goals through fiscal year 2030. Similarly, BMO Capital reaffirmed its Outperform rating and $355 price target, noting that Oracle’s FY2030 revenue and earnings projections surpassed expectations. However, the company’s EPS target for fiscal year 2028 fell short of consensus forecasts. RBC Capital maintained its Sector Perform rating with a $310 price target, following Oracle’s presentation of its ambitious long-term growth plans during the 2025 Analyst Day. Collectively, these developments highlight Oracle’s strategic emphasis on scaling its cloud infrastructure and AI capabilities.
