dcsimg
 

CSC Acquires Healthcare Software Provider iSoft

By Reuters  |  Print this article Print
 
 
 
 
 
 
 

WEBINAR:
On-Demand

Re-Imagining Linux Platforms to Meet the Needs of Cloud Service Providers


IT services provider CSC announced it would buy iSoft, a healthcare software provider, in an effort to expand its global IT healthcare business.

(Reuters) - U.S. technology services provider Computer Sciences Corp (CSC) said it would acquire healthcare software provider iSOFT Group Ltd for about $188 million.

Computer Sciences will offer iSOFT shareholders A$0.17 a share, 224 percent more than iSOFT's March 24 close on the Australian Stock Exchange.

"When completed, this acquisition will be a critical step in the expansion of our global healthcare business," CSC Chief Executive Michael Laphen said in a statement.

Australia-based iSOFT Group, engaged in the development and licensing of computer software and the supply of services to the healthcare industry, was formed by a merger of iSOFT Group and IBA Health.

The transaction is expected to close during the second quarter of fiscal 2012, CSC said.

Shares of the Falls Church, Virginia-based CSC rose a percent to $49.37 on Friday on the New York Stock Exchange. The stock have gained 6 percent in the last six months. ($1 = 0.968 Australian Dollars) (Reporting by Siddharth Cavale in Bangalore; Editing by Joyjeet Das)

 

 
 
 
 
 
 
 
 
 
























By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

 
 
 
 
 
 

Submit a Comment

Loading Comments...
























By submitting your information, you agree that channelinsider.com may send you channelinsider offers via email, phone and text message, as well as email offers about other products and services that channelinsider believes may be of interest to you. channelinsider will process your information in accordance with the Quinstreet Privacy Policy.

 
 
 
 
 
 
 
 
 
Thanks for your registration, follow us on our social networks to keep up-to-date