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

Baby looks taken aback/shocked/affronted. Photo by Shutterstock

Kat Hall

Plans for 2 million FTTP connections in next four years 'not enough'
Microsoft CEO Satya Nadella
Stranded_ships

Chris Mellor

Thousands of layoffs announced as spinning rust enters its death spiral

Features

STRASBOURG, JUNE 29, 2016: The seat of the European Parliament. by Marco Aprile for shutterstock. EDITORIAL USE ONLY
Plan b, image via Shutterstock
EU workers, new markets: post-Brexit pressure on May & Co
Tough question, pic via Shutterstock
Honest mistake with your licensing? Audit police look at it on a 'case by case basis'