IBA Health Limited, Australia’s largest stock exchange listed information technology company announced that IBA Health’s acquisition of iSOFT has now become effective after the final sanction by the High Court of Justice for England and Wales. The unification of these two health-focused organisations will create one of the world’s largest healthcare IT providers. The combined Group will have the financial strength, international scope and enhanced skills to deliver major growth opportunities and value to shareholders, customers and employees. A recommendation to change IBA Health’s name to the IBA Health Group Ltd will be made at IBA’s Annual General Meeting scheduled for November 30. Mr Cohen, utive Chairman of IBA Health, said, “Our vision is to lead IBA Health and iSOFT to prominence on the global stage under the brand of the IBA Health Group. Our immediate priorities are to integrate and invest in the businesses and focus on growth opportunities. The merger removes the financial uncertainty surrounding iSOFT but additionally provides a strong balance sheet for sustained investments in the enlarged business. “There is significant potential for the group to move into untapped markets and to offer a wider range of products and services to a greater number of customers. Immediately, we have the opportunity to cross-sell IBA and iSOFT applications to a customer base of 13,000 customers in over 35 countries. We also have greater geographic reach and a greater capacity to service our customers and to deliver systems more economically through regional centres. “IBA and iSOFT’s products are currently being implemented by leading healthcare providers in over 35 countries. Through our centres of excellence based in India, together with over 3,500 health and IT professionals, we will continue to develop these products to provide advanced, adaptable and highly cost-effective platforms that will assist healthcare providers to deliver efficient and safe care.” IBA and iSOFT will continue to play a key role in the ground-breaking UK National Programme for IT by working with Computer Sciences Corporation to deliver the LORENZO platform to three-fifths of the NHS in England. The IBA Health Group will be run by a unified global utive team, with headquarters in Sydney, Australia and a significant corporate management centre in the UK.

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