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NHS supplier iSoft reports major loss

Troubled software company £343.8m down for this financial year

Written by Computing staff

Computing, 25 Aug 2006

NHS software supplier iSoft has reported a £343.8m loss and suspended its commercial director.

The company, which is responsible for hospital systems in three of the five regions of the £6bn National Programme for NHS IT, is also under investigation by the Financial Services Authority for possible breaches of accounting standards. iSoft has already issued two profit warnings this year and chief executive Tim Whiston resigned in June.

Development and implementation of iSoft's Lorenzo patient administration system is already more than a year late.

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