The Channel logo

News

By | Christopher Williams 14th December 2010 11:34

Capita buys chunk of troubled NHS software firm iSoft

Gets iBS

Capita has bought part of the troubled Australian healthcare IT provider iSoft for £23m.

iSoft Business Solutions (iBS) is a subsidiary that provides accounting and purchasing software to about 60 per cent of NHS trusts. The sell-off is part of an effort to reduce iSoft's £150m debt burden.

iBS turned over £17.7m in the financial year to 30 June, for a pro forma operating profit of £3.2m. It has 140 staff, mainly in Letchworth and Dublin.

Shares in the iSoft group have plummeted 90 per cent this year on fears over its growing debt and the fate of Lorenzo, its much-delayed flagship electronic patient records system, which it developed for the NHS National Programme for IT.

The coalition is now committed to implementing most of the programme, however, and iSoft's partner CSC is due to install Lorenzo in NHS trusts in the North, Midlands and East of England. ®

comment icon Read 2 comments on this article alert Send corrections

Opinion

Houses of Parliament in night-time

Andrew Orlowski

Come on everybody, let's upload all our stuff into Government by Cloud
Joe Tucci EMC
frustration_anger_irritation_annoyance pain

Felipe Costa

Pressure to perform for stock market bearing down on disties
Columns of coins in the cloud

Michael Cote

Anything that simple to use has got to be complex to set up

Features

Alistair Darling and Alex Salmond debate Scottish independence
You keep the call centres, Hamish, we'll take the banks
Internet of Things
Everyone loves those Things, just not on each others' terms
No email? No CRM? No Daily Mail iPad edition? You need a plan
Sinofsky's hybrid strategy looks dafter than ever