iSoft announces legal proceedings against CSC
UK Health software supplier iSoft has announced that it will launch legal proceedings against its key NHS National programme for IT (NPfIT) programme customer Computer Sciences Corporation (CSC) based on the company’s decision to withhold its consent from iSoft’s planned merger with Australia’s IBA Health. The announcement raises the spectre of the one of the […]
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iSoft and IBA consider legal action on CSC veto
IBA Health and iSoft announced today that they were both considering legal action over Computer Science Corporation’s (CSC) attempt to block IBA’s purchase of the troubled healthcare software provider. iSoft wishes to sell to IBA but finds itself frustrated by a ‘step-in’ clause in its major contracts with the NHS which give CSC a veto […]
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CSC says iSoft deal not in ‘best interests’ of NPfIT
Computer Sciences Corporation, local service provider to three NHS regions, today said that it has refused to back the IBA takeover of iSoft in the ‘best interests’ of the National Programme for IT (NPfIT). The LSP, which holds contracts for the North, Midlands and East regions, confirmed today that it has vetoed the takeover of iSoft […]
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iSoft takeover in doubt as CSC witholds consent
The £140m takeover of UK health software supplier iSoft by Australian rival IBA Health has hit a major snag with iSoft’s main contractor Computer Sciences Corporation refusing to grant consent to the deal. IBA Health announced today that it has received a letter from CSC advising that it will not provide its consent for a change […]
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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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IBA Health set to table £230m iSoft offer
Australia’s IBA Health is tonight expected to make a £230m offer to buy its far larger UK rival iSoft, reports the Times newspaper today. If successfully concluded the all-share deal would overnight propel IBA Healthcare into the premier league of healthcare software firms, multiplying its turnover by a factor of seven. IBA last week outlined […]
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Deal or no deal?
Would an IBA-owned iSoft be good news for health service? With a full blown bid by Australia’s IBA Healthcare now appearing imminent, Jon Hoeksma looks at the background to current talks.
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IBA suspends shares to discuss iSoft bid
IBA Health, the Australian software firm strongly tipped to take over iSoft, announced yesterday that it has been granted a trading halt for its shares by the Australian Securities Exchange (ASX) to discuss with investors an expected offer for the British company. IBA Health said it was seeking to raise new equity capital of around A$200M (£83.2m) through an […]
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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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