Time runs out on IBA Health bid
Australia’s IBA Health appears to have given up hopes of purchasing iSoft after it announced would not be proceeding with its AU $54.5m conditional placement after being outbid. IBA had seemed poised to take control of iSoft Group Plc with a £140m bid, which had been accepted by the iSoft board and shareholders, but in […]
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Granger had team ready to take over Lorenzo
Connecting for Health in June had a team on stand-by in India in June ready to take over iSoft if it was unable to agree terms with Computer Sciences Corporation that would allow it to be bought by a rival. The confirmation that a rescue team for iSoft’s Lorenzo software had been set up by […]
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CompuGroup outbids IBA for iSoft
iSoft has today announced that it has accepted an unsolicited £160m all cash offer by Germany’s CompuGroup, trumping a previously agreed bid from Australia’s IBA healthcare. The iSoft board met last night and accepted the higher CompuGroup offer, and have withdrawn their previous recommendation for the IBA Health bid. It will now terminate the agreement shareholders voted to […]
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Granger says he is ‘ashamed’ of some systems provided
The departing head of the NHS IT programme Richard Granger has said he is ashamed of the quality of some of the systems put into the NHS by Connecting for Health suppliers, singling Cerner out for criticism. Going further than he before in acknowledging the extent of failings of systems provided to some parts of […]
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iSoft shareholders approve IBA takeover
iSoft shareholders have voted to approve the £142m takeover offer from Australia’s IBA Health for the British software company at the centre of the NHS IT upgrade programme. Shareholders overwhelmingly approved the resolution to approve the recommended offer for iSoft, the wholly-owned subsidiary of IBA, IBA UK, at an Extraordinary General Meeting on Friday, 6 […]
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CSC approves IBA’s purchase of iSoft
iSoft Group Plc has announced that it has this morning signed an agreement with Computer Sciences Corporation that will see CSC take over development of the development the late-running Lorenzo software for the NHS IT programme. As part of the deal CSC has formally consented to the purchase of iSoft by Australia’s IBA Health. ISoft […]
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Granger says IBA will take control of iSoft within week
Richard Granger, chief executive of Connecting for Health, has inidacted that IBA Health will have control of iSoft within the next week. However, Granger also warned that he was prepared to ditch iSoft’s Lorenzo software, and make arch rival Cerner’s Millennium the national system across England, if the late-running software doesn’t work or meet NHS requirements. […]
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CfH on standby to take over Lorenzo development
Connecting for Health, the Department of Health body responsible for the NHS IT programme, is reported to have warned Computer Sciences Corporation and iSoft that it is prepared to step in and take over development of iSoft’s Lorenzo patient record software if the companies cannot resolve differences. Today’s Financial Times newspaper cites DH sources as saying, […]
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CSC says an iSoft bid would be all cash
On the same day that iSoft announced it was suspending legal action against Computer Sciences Corporation (CSC), while pursuing approval for its acquisition by Australia’s IBA Health, CSC said that it continued to review its options up to and including a purchase of iSoft. The Californian technology services company said there was no certainty of […]
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iSoft puts legal action against CSC on hold
Healthcare software firm iSoft said today (Wednesday) it has pulled back from a legal confrontation with its biggest customer, CSC, while negotiations continue on arrangements that involve CSC taking a greater role in the management of iSoft’s work on the National Programme for IT(NPfIT). The announcement of a truce comes just two days after iSoft said it […]
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