Doubts raised on potential iSoft sale to McKesson
The potential £200m sale of iSoft may be in jeopardy, according to a report in the Times today which says that preferred bidder McKesson has insisted on unspecified contract conditions that would prevent a deal being concluded. According to the newspaper, US health IT and drugs distribution giant McKesson has been front-runner to buy iSoft. […]
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iSOFT board replaces CEO
Chris Moore, the chief executive of healthcare IT firm iSOFT has been asked to step down by his board as the company’s merger with Torex once again comes under scrutiny in the Court of Appeal this week. Moore will give up his role as chief executive of the newly-formed company after the board voted to […]
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Competition Appeal puts brakes on iSOFT/Torex merger
The immediate future of the proposed iSOFT-Torex merger was thrown into question today when the Competition Appeals Tribunal ruled that the Office of Fair Trading was incorrect in its 7 November decision to allow the merger to proceed. In its review – the first of its kind – the Competition Appeals Tribunal ruled that […]
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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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Torex Buys Obs & Gynae Systems Specialist
Torex continued its march along the acquisition trail with the purchase of Protos Limited, the UK’s dominant provider of obstetric and gynaecology IT systems. The sale has been sealed for £1.45m in Torex ordinary shares and up to £0.4m cash, depending on the level of cash in the business. Both shares and cash are payable […]
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Torex Acquires UK Operations of IBA Health
Torex PLC has announced a strategic alliance with IBA Health Ltd, the Australian supplier of healthcare information systems. As part of the £7 million deal Torex has also acquired the UK-based Hospital Information Systems operation of IBA and InHealth Solutions. As part of the new alliance Torex is taking an 8% stake in IBA Ltd, […]
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InHealth Group Buys UK Arm of IBA Health
InHealth Group, the acquisitive UK health services, equipment and IM&T firm, today announced it has acquired the UK business of Australian health IT supplier IBA Health Limited The deal is valued at £5.2m excluding annual support fees and the option for future software licences. InHealth Group is also investing £1.8m in ordinary shares of IBA […]
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