Feeds

Sickly NHS provider still seeking saviour

iSoft in advanced talks

Build a business case: developing custom apps

Troubled health provider iSoft says it is in the advanced stages of talks which may lead to its sale.

But iSoft's role in the government's attempt to change NHS IT systems - the National Programme for IT - has made discussions more difficult.

The statement said: "These options include discussions with several external parties that have expressed an interest in acquiring iSoft or taking a significant stake in the company. These discussions have taken longer to conclude than the board originally expected because of the need for extensive consultation in respect of the company's role in the National Programme for IT (NPfIT) in England."

iSoft said it was talking to "both trade and private equity" parties. The company is in an "offer period" and therefore limited as to what it can say.

But the company said trading for the year ended 30 April 2007 had hit previous targets. It expects revenue to be towards the top of previous guidance of between £171m and £181m.

Although iSoft still has to sort out its long-term financing, its current cash position is better than expected. Full results should be announced in early July.

The company said in February it was in talks with Australian firm IBA Health but was looking at other offers too. iSoft is being investigated by the Financial Services Authority over the announcement of an unexpected hole in its accounts.

iSoft shares on the London Stock Exchange were up 6.5 per cent at the time of writing.

The whole statement is available here. ®

Build a business case: developing custom apps

More from The Register

next story
KDE releases ice-cream coloured Plasma 5 just in time for summer
Melty but refreshing - popular rival to Mint's Cinnamon's still a work in progress
Leaked Windows Phone 8.1 Update specs tease details of Nokia's next mobes
New screen sizes, dual SIMs, voice over LTE, and more
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Mozilla keeps its Beard, hopes anti-gay marriage troubles are now over
Plenty on new CEO's todo list – starting with Firefox's slipping grasp
Apple: We'll unleash OS X Yosemite beta on the MASSES on 24 July
Starting today, regular fanbois will be guinea pigs, it tells Reg
Another day, another Firefox: Version 31 is upon us ALREADY
Web devs, Mozilla really wants you to like this one
Cloudy CoreOS Linux distro declares itself production-ready
Lightweight, container-happy Linux gets first Stable release
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.