
Computer Sciences Corp. (NYSE:CSC) announced a $188 million takeover of Australia-based health information technology firm iSOFT Group Ltd. (ASX:ISF).
The Falls Church, Va.-based IT giant is offering 17 cents Australian per share, a 227 percent premium to ISF shares’ Mar. 24 closing price.
"When completed, this acquisition will be a critical step in the expansion of our global healthcare business," CSC Chief Executive Michael Laphen said in prepared remarks.
iSOFT is the largest health IT company listed on the Australian Securities Exchange, and more than 13,000 health care providers and governments in 40 countries use its software, according to CSC. The transaction is expected to close during the second quarter of CSC’s fiscal 2012, the company said.
CSC shares ended the day up about 1.3 percent, closing at $49.38 a piece.
Here’s a roundup of companies announcing mergers, acquisitions and divestitures.
- 3M acquires certain Zargis Medical Corp. assetts
3M (NYSE:MMM) announced today it has acquired certain assets of Zargis Medical Corp., maker of the only FDA-approved diagnostic software to classify suspected systolic and diastolic heart murmurs. Terms of the transaction were not disclosed. The acquisition builds on the existing global marketing and distribution alliance between 3M and Zargis Medical.
Read more - Align acquires Cadent for $190 million
Align Technology Inc. (NSDQ:ALGN) announced that it has signed a definitive agreement to acquire privately-held Cadent Holdings Inc., a provider of 3D digital scanning solutions for orthodontics and dentistry based in Carlstadt, N.J. Cadent strengthens Align’s ability to drive adoption of Invisalign by integrating Invisalign treatment more fully with mainstream tools and procedures in doctors’ practices.
Read more - Total Safety acquires On.Site Advanced Medical Services
Total Safety acquired On.Site Advanced Medical Services Inc. based in Grande Prairie, Alberta. Founded in 2002, On.Site is a remote mobile medical services and occupational healthcare company. They provide medical technicians, mobile treatment centers, ambulances, and training for industrial and upstream oil and gas clients across Alberta and British Columbia.
Read more - Fornix shareholders approve sale of Laprolan B.V. to Rochester Medical
Rochester Medical Corp. (NSDQ:ROCM) announced that the shareholders of Fornix BioSciences N.V. approved the previously announced sale of Laprolan B.V. its Medical Supplies Division and wholly owned subsidiary to Rochester Medical.
Read more - Imperial buys D. Anderson & Company
Imperial announced that it has completed its purchase of D. Anderson & Company, representing the first corporate acquisition of a patient recruitment organization and increasing Imperial’s global presence within the clinical trial industry.
Read more - Health Evolution Partners announces sale of CambridgeSoft to PerkinElmer
Universal Hospital Services Inc. announced the completion of its acquisition of Emergent Group Inc. (“Emergent Group”) (NYSE Amex LLC: LZR) and its wholly owned subsidiary, PRI Medical Technologies Inc. The combined companies will take a leadership role in reducing costs and improving outcomes for hospitals and surgery centers.
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