Feeds

Sickly NHS provider still seeking saviour

iSoft in advanced talks

Secure remote control for conventional and virtual desktops

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. ®

Security for virtualized datacentres

More from The Register

next story
Netscape Navigator - the browser that started it all - turns 20
It was 20 years ago today, Marc Andreeesen taught the band to play
Sway: Microsoft's new Office app doesn't have an Undo function
Content aggregation, meet the workplace ... oh
Sign off my IT project or I’ll PHONE your MUM
Honestly, it’s a piece of piss
Return of the Jedi – Apache reclaims web server crown
.london, .hamburg and .公司 - that's .com in Chinese - storm the web server charts
NetWare sales revive in China thanks to that man Snowden
If it ain't Microsoft, it's in fashion behind the Great Firewall
Chrome 38's new HTML tag support makes fatties FIT and SKINNIER
First browser to protect networks' bandwith using official spec
Admins! Never mind POODLE, there're NEW OpenSSL bugs to splat
Four new patches for open-source crypto libraries
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.