CSC (NYSE: CSC) today announced it has closed the acquisition of iSOFT Group Limited (ASX: ISF), one of the world's largest providers of advanced healthcare IT solutions. The acquisition complements and strengthens CSC's market-leading software products and healthcare integration and services portfolio, and enhances its healthcare research and development capabilities. It also accelerates CSC's strategic growth plan and reinforces the company as a very strong player in healthcare information technology.
Adding iSOFT's 3,000 global employees, including those from major research and development centers in India, Spain, UK, Australia, New Zealand and Central Europe, expands CSC's capability to support existing customers, develop more innovative solutions, and adds a robust set of clients in new and emerging markets.
More than 13,000 healthcare providers and governments in 40 countries use iSOFT's e-health software solutions to manage patient information and drive improvements in their core processes. 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 over 8,000 hospitals and clinics. This scale has allowed iSOFT to keep abreast of the latest trends in healthcare technology and practices and translate them into innovative and practical solutions.
"The completion of this acquisition is a milestone in the expansion of our global healthcare business," said Michael W. Laphen, CSC chairman, president and CEO. "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", said Andrea Fiumicelli, former CEO of iSOFT and newly-appointed Chief Operating Officer of CSC's healthcare business. "By combining both organizations 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."