The Channel logo

News

By | John Oates 14th June 2007 15:02

iSoft takeover likely in days, not weeks

CSC considers its options

The takeover of iSoft by Aussie firm IBA Health is likely to go ahead.

IBA Health today released a Scheme of Arrangement detailing how the takeover would happen.

Richard Granger, chief executive of Connecting for Health, the government body responsible for the National Programme for IT, reckons the deal could go through within a week.

Granger told E-Health Insider he had been talking to iSoft's chairman and: "I understand that the IBA/iSoft takeover deal is near completion. An announcement is due in the next few working days."

The deal looked like it was going ahead smoothly until CSC - the main contractor involved - refused to consent to the deal.

A spokeswoman for CSC today said it had nothing to add to last week's statement which suggested it may make a cash offer for the firm.

iSoft is holding an extraordinary general meeting to vote on the proposal on 6 July. The deal values iSoft at about £125m.

More from E-Health Insider: here.

The Scheme of Arrangement, is available from iSoft here. ®

alert Send corrections

Opinion

Windows 10 on Surface 3

Tim Anderson

It's do-or-die for Microsoft's new operating system on 29 July
Wine Taps by N Wong, Flickr, CC 2.0 License

Simon Sharwood

Clouds sell compute by the glass. On-premises kitmakers want to sell wine-as-a-service

Greg Knieriemen

Privacy, security, information sovereignty, what we all want, right?
Microsoft's Joe Belfiore, speaking at Build 2015

Andrew Orlowski

Redmond devotees may as well have demanded manga desktop wallpaper

Features

Android icon desktop toys
Nice devices, now speak 'enterprise' to me
Standard Form 86 reads like a biography of each intelligence worker
Protestor barricade image via Shutterstock
Breaking through the hardware barricades to a new network state
Racecar