divest npfit contract payoff debt

Interesting article.


Financial Review 1 March 2011

The interim 2010-11 net loss of $A84m following massive provisioning at iSOFT has sparked plans for a debt reduction worth about $A200m, potentially via assets divestiture. However, the medical informatics group has been coy on whether any trade sale of its major project for the UK National Health Service would be hampered by conditions in its outsourcing deal with Computer Sciences Corporation. The latter may have a veto or right of first refusal, but iSOFT so far has left investors in the dark. The stake of 30% in iSOFT held by Oceania Capital Partners is also an issue.