IBA boss: battle has just begun
Gary Cohen, the Australian chief executive of IBA Health, has good reason to celebrate – IBA Health is now poised to take control of Britain’s iSoft.
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iSoft shareholders approve IBA takeover
Shareholders of NHS software supplier iSoft have today agreed the sale of the company to Australian firm IBA. The final hurdle to the completion of the sale will come on 29 October when a final court hearing will pave the way for iSoft shares to be de-listed the next day. If the scheme is approved […]
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IBA offer recommended by iSoft board
Australian health information firm IBA Health Ltd. has agreed to buy the UK’s iSoft Group for about £140m, plus debt. IBA will finance the repayment of iSoft’s existing bank facilities, which are repayable upon a change of control, and the ongoing capital requirements of the enlarged group, by raising £84m. The deal has been recommended […]
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iSoft says takeover talks “well advanced”
iSoft announced late on Friday that it is in "well advanced" takeover talks with "several parties", and expects to be able to make a statement soon. The company responsible for delivering new software systems to 60% of the English NHS said that discussions with potential buyers had taken longer than expected, due to concerns over its role […]
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IBA chief exec says iSoft remains target
Gary Cohen, chief executive of Australia’s IBA Health, has backed recent restructuring at iSoft as the company continues takeover talks with the British medical software developer at the heart of the £12.4bn NHS IT programme. In an interview with The Australian newspaper, Cohen said that although restricted in what he could say by British takeover […]
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IBA to ask for review of OFT decision on iSoft Torex deal
Australian-based healthcare information systems supplier IBA announced this week that it intends to apply to the UK’s Competition Appeal Tribunal for a review of the decision of the Office of Fair Trading (OFT) not to refer the proposed merger between iSoft Group Plc and Torex Plc to the Competition Committee. IBA says that it intends to lodge its […]
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