CSC wraps up purchase of Australian health care IT firm
Acquisition bolsters CSC health care integration and services portfolio
- By David Hubler
- Aug 01, 2011
Computer Sciences Corp. has strengthened its health care integration and services portfolio, having just completed its acquisition of iSOFT Group Ltd., a provider of advanced health care IT solutions.
More than 13,000 health care providers and governments in 40 countries use iSOFT’s e-health software solutions to manage patient information and drive improvements in their core processes, the company said in its announcement dated July 31.
At the same time that CSC was acquiring the Australian company in a cash-for-stock deal estimated at $300 million, it sold its AdvanceMed business for $62 million to NCI, a provider of IT, data mining and data analytical tools to help federal health care agencies detect and prevent fraud.
With the expertise and experience of more than 1,000 development professionals and more than 200 clinicians, iSOFT solutions touch more than 200 million patients across five continents every day, and its systems are installed in more than 8,000 hospitals and clinics, the announcement states.
Adding iSOFT’s 3,000 global employees, including those from major research and development centers in India, Spain, the United Kingdom, Australia, New Zealand and Central Europe, expands CSC’s capability to support existing customers and develop more innovative solutions, and adds a robust set of clients in new and emerging markets, according to the announcement.
“The completion of this acquisition is a milestone in the expansion of our global health care business,” said Michael Laphen, CSC chairman, president and CEO, in the announcement.
CSC, of Falls Church, Va., ranks No. 11 on Washington Technology’s 2011 Top 100 list of the largest federal government contractors.
NCI is based in Reston, Va.
David Hubler is the former print managing editor for GCN and senior editor for Washington Technology. He is freelance writer living in Annandale, Va.