Feeds

Sickly NHS provider still seeking saviour

iSoft in advanced talks

Application security programs and practises

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. ®

The smart choice: opportunity from uncertainty

More from The Register

next story
Whoah! How many Google Play apps want to read your texts?
Google's app permissions far too lax – security firm survey
Chrome browser has been DRAINING PC batteries for YEARS
Google is only now fixing ancient, energy-sapping bug
Do YOU work at Microsoft? Um. Are you SURE about that?
Nokia and marketing types first to get the bullet, says report
Microsoft takes on Chromebook with low-cost Windows laptops
Redmond's chief salesman: We're taking 'hard' decisions
EU dons gloves, pokes Google's deals with Android mobe makers
El Reg cops a squint at investigatory letters
Big Blue Apple: IBM to sell iPads, iPhones to enterprises
iOS/2 gear loaded with apps for big biz ... uh oh BlackBerry
OpenWRT gets native IPv6 slurping in major refresh
Also faster init and a new packages system
prev story

Whitepapers

Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
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.
Application security programs and practises
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.