iSOFT in trading halt
Debt-ravaged health software stock iSOFT has gone into a trading halt pending further disclosures on a strategic review that could prompt the company to be broken up or become the subject of a trade sale.
Distressed health software stock iSOFT is poised to fall into the hands of a trade buyer after both the company and its biggest shareholder, Oceania Capital Partners , were placed in a trading halt yesterday.
Market interest has focused sharply on US outsourcer Computer Sciences Corporation as the most likely acquirer of iSOFT at a fire sale price because of its deal to provide electronic health and medical records as part of a £12 billion ($19.2 billion) electronic health and medical records project being undertaken by the British National Health Service.
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