CSC's iSoft takeover cleared
Green light for key NHS supplier
The European Commission has cleared CSC's takeover of iSoft - the key NHS supplier.
Aussie health provider iSoft has had a chequered past - it was bailed out with £82m of taxpayer cash, removed a co-founder, and is still going through a Financial Services Authority probe which led to four former directors facing criminal charges.
The sickly firm finally has some good news this morning - the European Commission has approved its takeover by CSC.
The Commission found that in the UK, where both firms have their highest market share, there would still not be an impact on competition.
It found CSC could partner with other software providers. It also reckons CSC itself faces competition from BT.
The commission statement is here.
The National Programme for IT, for which iSoft is a key supplier, faces major cuts as a result of the coalition government slashing of public spending. ®