Sydney, June 30, 2009 (ABN Newswire) - iSOFT Group Limited (ASX:ISF) - Australia's largest listed health information technology company today announced it signed a contract with Systematic Conglomerate, a Kuala Lumpur-based prime contractor, for licensing and services at three of the nine Malaysian public hospitals that use iSOFT's hospital information system.
The contract initially is worth RM18.5 million (A$6.5 million) over five years, with potential revenues of up to RM33 million (A$11.5 million) should the hospitals take up an option to extend the services agreement for an additional three years.
The agreement is to provide software licenses and support services for iSOFT's latest version of its eHIS solution at the Kepala Batas Hospital in Penang, the Lahad Datu Hospital in Sabah, and Serdang Hospital in the state of Selangor. The five-year support and maintenance agreement for Serdang started in January this year, while agreements for Kepala Batas and Lahad Datu began in January 2008.
Systematic Conglomerate was awarded the contract by the Ministry of Health. The Ministry is also expected to finalise, by June 2010, contracts for the remaining six hospitals that currently use iSOFT's eHIS solution, worth an estimated RM52 million (A$18 million).
"The continued use of our eHIS solution at these hospitals secures our position as the largest supplier of healthcare systems in Malaysia, and gives us the opportunity to strengthen our relationship with the Ministry of Health and participate in new innovations in healthcare," said Wim Botermans, Managing Director of iSOFT Asia.
About iSOFT Group Limited
iSOFT Group Limited (ASX:ISF) is the largest health information technology company listed on the Australian Securities Exchange, and trades globally under the name 'iSOFT".
iSOFT builds software applications for healthcare. We work with healthcare professionals to design and build solutions that answer all of the difficult questions posed by today's care delivery challenges. Our solutions act as a catalyst for change, supporting the free exchange of critical information across diverse care settings and participant organisations. We are the leader in the provision of advanced application solutions in modern healthcare economies around the world Today, over 13,000 provider organisations in 38 countries across five continents use iSOFT's solutions to manage patient information and drive improvements in their core processes. The group's sustainable development is delivered through careful planning, in-depth analysis of our market and anticipation of evolving requirements. Our business is driven by the collective talent, experience and commitment of more than 4,600 specialists around the globe, including over 2,300 technology and development professionals.
A global network of iSOFT subsidiaries, supported by an extensive partner network, provides substantial experience of national healthcare markets. As a result we offer our customers comprehensive knowledge of local market requirements, in terms of culture, language, working practice, healthcare regulation and organisational structure.
For more information on iSOFT, please visit the company's website at www.isofthealth.com
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