IBA Health signs $2,25 million licence extension with IPN in Australia

Sydney 22 December 2006IBA Health Limited, Australia's largest ASX listed eHealth company, has extended a licence agreement with Australia's leading operator of multi-disciplinary medical centres Independent Practitioner Network (IPN) Limited valued at $2,25 million for the ongoing use of IBA's health information technology which is implemented across all of IPN's medical centres.

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IPN is Australia's only community-based medical centre provider with a national footprint, working in partnership with over 600 independent clinicians, supporting the provision of over 3,5 million patient consultations per annum. IBA, together with IPN, have established a world-class advanced wide-area enabled health care infrastructure and application platform that supports the delivery of health care in a multi-practice, multi-disciplinary environment. IBA's Enterprise platform gives IPN the capability to grow its network in a robust and rapid, cost-effective way as to aid in its expansion phase.

Steve Garrington, CEO of IBA Health, stated: "IPN's decision to extend its agreement with IBA reinforces our unique position as supplier of choice in the expanding corporate multi-practice, multi-disciplinary medical centre market in Australia."

"The agreement with IPN together with our existing GP and community care business further consolidates the critical mass that will allow IBA to access greater economies of scale as we deliver a broader range of innovative, internet-enabled applications to an expanding and profitable sector of the GP market", concluded Mr. Garrington.

IBA Health Limited is the largest health information technology company listed on the Australian Stock Exchange with a market capitalisation of over $300 million. IBA Health provides information and communication solutions to connect providers, payers, patients and communities. IBA Health's range of systems are designed to support work flows across all health sectors including hospitals, clinics, aged and community care facilities, primary care as well as claims and payments processes.

IBA Health has over 475 hospital and clinic installations covering Australia, New Zealand, South East Asia, India, Middle East and South Africa. More IBA news is available in the VMW December 2006 article IBA forms Chinese joint venture to deliver health care through the internet and TV.


Leslie Versweyveld

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