Could Epic and Apple be a match?
Cramer — the theatrical, highly popular and unabashedly opinionated former hedge fund manager — says snapping up the electronic health records company would prove Apple is serious about getting involved in health technology and show it is more than “some kind of hardware company … on the verge of becoming obsolete,” as investors seem to think.
“Not only would this deal be good for the company, I think it’s exactly what Apple’s stock needs to get its mojo back,” said Cramer, on his “Mad Money” TV program.
Apple shares have fallen from more than $230 in October to the $155 range on Wednesday.
Cramer called Epic the “best of breed” and said putting Epic’s software into Apple’s hands could make it easier to create “a universal repository” for patient health care data. Read the full story here.