Home » News » Currently Reading:

CSC to acquire iSOFT for $188 Million

April 1, 2011 News 1 Comment

image

Computer Sciences Corp. announced this morning that it will acquire Australia-based iSOFT Group Ltd. for $188 million, a 24% premium to its last traded share price on the Australian Stock Exchange. 

Michael Laphen, chairman, president, and CEO of CSC, was quoted as saying the acquisition is a critical step in the expansion of CSC’s global healthcare IT business. “The combination of these companies will further establish CSC as an innovative leader in global healthcare IT,” he was quoted as saying in the announcement.

The 3,300 employee iSOFT, reeling after a series of delays in its Lorenzo platform in the UK’s NPfIT project and the resulting decimation of its share price, is CSC’s subcontractor in NPfIT. The purchase of iSOFT by its largest customer was widely anticipated.

The announcement says that iSOFT’s products are used by 8,000 hospitals and clinics in 40 countries.

The sale is subject to approval by shareholders and regulators in Australia and the UK.

View/Print Text Only View/Print Text Only


HIStalk Featured Sponsors

     

Currently there is "1 comment" on this Article:







Subscribe to Updates

Search


Loading

Text Ads


Report News and Rumors

No title

Anonymous online form
E-mail
Rumor line: 801.HIT.NEWS

Tweets

Archives

Founding Sponsors


 

Platinum Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Gold Sponsors


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reader Comments

  • : Spot on analysis for how consumerism in healthcare is so critical for future health system success. Thank you for sharin...
  • FLPoggio: I seem to recall that Jeff Immelt, GE CEO resigned from one of Trumps special business committees about a month ago, may...
  • TomInStPaul: AHCP 1. Ryan's proposed law was awful. (How could it not be; it was all about politics and not healthcare financing. ...
  • Clustered: Re. GE investment of $500 million into 5000 software developers over the next 3 yrs There is no way this amount would...
  • printgeek: I am a huge fan of Vince's industry information, so don't take this the wrong way. Regarding the ranking by revenue, how...

Sponsor Quick Links