iSoft bought by Australian group
Shares go up as Australian rival buys troubled iSoft for £140m
iSoft made headlines last year with an accounting
scandal months after it was tasked with
overhauling the government’s healthcare IT systems.
IBA, which is a smaller firm listed in Australia, finalised the £140m deal
last night, setting the value of each iSoft share at 58.1p.
The group plans to refinance the company through a share placing,
underwritten by ABN Amro, to raise £84m.
iSoft shares closed up 11% yesterday at 52.5p.