iSOFT Group (ASX:ISF) Welcomes UK FSA Decision To Discontinue Investigation
iSOFT Group (ASX:ISF) Welcomes UK FSA Decision To Discontinue Investigation

Sydney, Jan 7, 2010 AEST (ABN Newswire) - iSOFT Group Limited (googlechartASX:ISF) - Australia's largest listed health information technology company today welcomed the decision by the UK Financial Services Authority (FSA) to discontinue its investigation into iSOFT Group plc under S397 Financial Services & Markets Act 2000.

iSOFT Group Limited (formerly IBA Health Group Limited) acquired UK-based iSOFT Group plc in October 2007 post the events that were the subject matter of the investigation.

iSOFT Group Limited cooperated fully with the FSA throughout the investigation, which involved former management of iSOFT Group plc and had no bearing on any of the current management or employees of iSOFT Group Limited.

None of the former iSOFT Group plc directors that were investigated is employed by iSOFT Group Limited or any subsidiary of the company.

"The FSA result brings to a conclusion one of the remaining legacies of the former iSOFT which we acquired in 2007," said Gary Cohen, iSOFT Group Limited Executive Chairman & CEO. "We cooperated fully with the investigation and welcome the FSA's decision."

Contact

Gary Cohen
Executive Chairman & CEO
iSOFT Group Limited
Tel: +61-2-8251-6700
Email: gary.cohen@isofthealth.com

Stuart Kelly
Director, Corporate Affairs
iSOFT Group Limited
Tel: +61-2-8251-6769
Mob: +61-404-082-361
Email: stuart.kelly@isofthealth.com


ABN Newswire
ABN Newswire This Page Viewed:  (Last 7 Days: 3) (Last 30 Days: 17) (Since Published: 2248)