CSC to acquire Australian e-health vendor iSOFT

Under a new agreement announced over the weekend, IT services company CSC will acquire all of the outstanding equity of Australian healthcare solution provider iSOFT, for AU$0.17 per share, subject to shareholder and regulatory approval.

According to CSC, the acquisition will strength its software products and healthcare integration and services portfolio.

The transaction is expected to close during Q2 in CSC’s financial year, 2012.

CSC will absorb iSOFT’s 3300 employees from around the globe.

Michael W Laphen, Chairman, President and CEO at CSC, said: “[The acquisition] of these companies will further establish CSC as an innovative leader in global healthcare IT.”

iSOFT’s e-health solutions, which help organisations manage patient information, are in use at more than 13,000 healthcare providers and governments in 40 countries around the world, indirectly touching on more than 200 million patients globally.

According to CSC, this scale has helped iSOFT keep its solutions current with the latest trends in healthcare practices.

“iSOFT’s electronic health record software and services, coupled with CSC’s global healthcare expertise and delivery capabilities, will create a very powerful force in the global healthcare market to enhance the provision of integrated care,” said iSOFT’s CEO, Andrea Fiumicelli.