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Commission grants clearance to iSOFT

29 September 2004-05/037

Commission grants clearance to iSOFT

The Commerce Commission has granted clearance to iSOFT NZ Limited to acquire certain assets currently owned by Hewlett-Packard New Zealand, comprising five customer contracts for the provision of software support services, and associated goodwill and intellectual property rights in the HOMER and ORA*CARE software.

The five customer contracts are with the following organisations: Healthcare Otago Limited (using ORA*CARE software); Good Health Wanganui Limited (using ORA*CARE software); Nelson Marlborough Health Services Limited (using ORA*CARE software); Midcentral Health Limited (using HOMER software); and Canterbury Health Limited (using HOMER software).

iSOFT was recently incorporated in New Zealand and is a wholly-owned subsidiary of iSOFT Overseas Holdings Limited. Its business activities will consist of supplying software for use primarily in hospitals and related implementation, consulting and support services.

Commission Chair Paula Rebstock said the Commission was satisfied that the proposed acquisition would not have, or would not be likely to have the effect of substantially lessening competition in the New Zealand markets for the supply of patient administration software systems and related services and of clinical information systems and related services to District Health Boards.

A public version of the Commission’s decision will be available shortly on the Commission’s website www.comcom.govt.nz under Adjudication.

ENDS

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