Troubled health provider iSoft is in talks with Australian company IBA Health about a possible takeover, but says it is still looking at other options.

A spokesman for iSoft told The Reg: "We are in dialogue with IBA but it is one of a number options we are considering."

iSoft is currently being investigated by the Financial Services Authority (FSA). In August last year the company revealed a massive loss for the year. The FSA is investigating irregularities in the company's accounts for 2003 and 2004. The firm plays a central role in the National Programme for IT - which aims to improve NHS IT systems.

iSoft shares rose 10 per cent this morning on the news, but those of IBA Health fell some six per cent. ®

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