Lorenzo

IBA Health Ltd launched Lorenzo in Sydney today.  It is said that its revenue will increase more than double after the launch of the new healthcare IT platform. LORENZO is a unique solution that will revolutionise the way healthcare is deliveered around the individual.

IBA Chief Executive, Gary Cohen said that the market for Lorenzo is in the billions of dollars.

Lorenzo is an iSoft product, a UK based company that was taken over by IBA a few years ago. There was always some concern about this takeover and the ability of IBA -iSoft to launch Lorenzo succesfully.

Well, I gues they made it!

A Glance on IBA:

IBA aims to become a global provider of healyh IT solutions.  The acquisition of iSOFT saw it expanding its scope to 35 countries.  Healthcare spending is driven by the increased demand for access to healthcare services and an ageing population.

Five analysts are covering IBA at this moment (FORESIGHT SECURITIES, ABN AMRO, BBY LTD., MACQUARIE RESEARCH EQUITIES),  two of them recommended 'strong buy' and three others recommended 'hold'.  If only their recommendation worth anything these days.