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iSoft in takeover talks

1st May 2007

iSoft has announced it is in discussions with several parties with regard to "acquiring iSoft or taking a significant stake in the company."

The ailing IT company is licensed to provide new software systems to 60% of NHS Trusts in England but as encountered many problems over the course of its contract.  Delivery of its Lorenzo software is over four years behind schedule leaving the company with major financial problems.  However, several interested parties are said to be in discussions with company executives who say they expect to be able to make an announcement soon.

 

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