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CSC finalises iSoft acquisition

Deal accelerates CSC’s strategic growth plan and enhances position in global healthcare IT

CSC has closed the acquisition of iSoft Group, one of the world’s largest providers of advanced healthcare IT solutions.

The acquisition complements and strengthens CSC’s software products and healthcare integration and services portfolio, and enhances its healthcare research and development capabilities.

It also accelerates CSC’s strategic growth plan.

CSC Australia's National Director for Health Services, from Lisa Pettigrew, said in a statement, "Today is an exciting day for both CSC and iSoft. The acquisition is now complete and iSoft is a CSC company. In this region we are welcoming more than 300 iSoft staff from Australia and New Zealand into the CSC family. Together, we will serve existing clients with increasing effectiveness as well as access new and exciting opportunities in emerging markets.

"The combined technical capabilities of both organisations will allow us to build innovative new solutions and put CSC at the forefront of emerging healthcare technologies. The iSoft acquisition is central to CSC’s growth strategy and a milestone in the expansion of our global healthcare business."

"Here in Australia, the acquisition of iSoft by CSC will see the convergence of data, products, services and devices for the new eHealth and telehealth world.

“CSC is now in a good position to help provide sustainable eHealth solutions that incent clinical users appropriately. Centrestage will be the linking of all aspects of healthcare delivery in ways that will completely change the efficiency of healthcare."

About 3000 iSoft employees will join CSC worldwide.

More than 13,000 healthcare providers and governments in 40 countries use iSoft’s eHealth software solutions to manage patient information and drive improvements in their core processes.

iSoft has more than 1000 development professionals and 200-plus clinicians, and its solutions are said to touch more than 200 million patients across five continents daily. Its systems are installed in more than 8000 hospitals and clinics.

CSC chairman, president and CEO, Michael W. Laphen, said, “The completion of this acquisition is a milestone in the expansion of our global healthcare business. CSC is at the forefront of emerging healthcare technologies, giving our clients access to an expanded range of innovative capabilities.”

“Joining forces with CSC is a major step forward for iSoft, putting us in a position to accelerate the delivery of our Innovation Agenda,” former CEO of iSoft and newly-appointed Chief Operating Officer of CSC’s healthcare business, Andrea Fiumicelli, said.

“By combining both organisations we have created a major force in the healthcare industry with significant opportunities for future growth through richer solutions and much enhanced access to the global market. Building on this platform, our ambition is to become one of the world’s leading healthcare IT suppliers.”

CSC has about 91,000 employees and reported revenue of $US16 billion for the 12 months ended April 1, 2011