CSC gets EU clearance on acquisition

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Fairfax County-based CSC has received clearance from the European Commission to proceed with the acquisition of iSOFT, an Australia-based provider of advanced health-care IT solutions.
Completion of the deal still is subject to shareholder approval and final court approval in Australia.

CSC officials said that, once completed, the acquisition will complement and strengthen its products and health-care integration and services portfolio. More than 13,000 provider organizations in more than 40 countries use iSOFT’s solutions to manage patient information.

CSC has approximately 91,000 employees and reported revenue of $16.0 billion for the 12 months ended April 1, 2011.

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