iSoft boss: Scandal hurt customer drive

The accounting scandal that hit NHS
software supplier iSoft
last year hurt the company in its efforts to sign up
new customers,
acting boss has revealed

Chairman and acting chief executive
said: ‘Signing up new customers was difficult with the situation
around the company last summer.

‘You’ve got people speculating whether the organisation is going to be around
in three months, if you are thinking of putting major elements of your
healthcare operations in that company you’re going to think twice. That has got
somewhat better in the second half.’

His comments came as iSoft reported pre-tax losses of £22m for the year to
April, compared with £344m last time. 

The accounts were qualified by auditors Deloitte because of the FSA
investigation and significant doubts over the group’s ability to continue as a
going concern.

Further reading:

CompuGROUP UK agrees £160m
offer for iSoft

Ex-Torex chairman may be FSA’s iSoft witness

iSoft director dismissed
eight months after suspension

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