Trading in iSoft shares halted24 March 2011 Jon HoeksmaTrading...

Trading in iSoft shares halted
24 March 2011 Jon Hoeksma

Trading in iSoft shares on the Australian stock market were halted this morning in a move likely to prove a presage a change in ownership of the beleaguered health IT company.

An ASX (Australian Securities Exchange) market announcement this morning said the halt had been requested by iSoft, ?pending the release of an announcement by the company?. The halt will remain in place until an announcement on Monday, 28 March.

EHealth Insider understands in recent weeks iSoft has once again been in negotiations with its banks on re-financing its considerable debts, while also holding discussions with possible investors over a partial or complete sale of the company.

Industry rumours suggest potential buyers the frame may include US firm Ingenix and CSC, iSoft?s main customer under the National programme for IT in the NHS.

Volumes of iSoft shares traded have soared in recent days. Its share price climbed to a recent high of .055c, having previously been trading at 0.032c.