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IBA Health edges close to iSoft takeover

IBA Health edges close to iSoft takeover

ASX-listed Aussie upstart IBA Health is a step closer today to closing the deal on its proposed takeover of beleaguered UK-based eHealth supplier iSoft, with IT behemoth CSC providing written consent for the deal to go ahead. Despite securing a key role with CSC in the UK's National Program for IT (NPfIT) in 2005, iSoft's fortunes took a turn for the worst in 2006, when a series of accounting discrepancies lead to an investigation from the UK's regulator the Financial Services Authority.

June 18, 2007 by