LONDON, September 22 - Sage (SBU).(L) it is his health, unit Vista equity partners for $ 320 million (£ 208 million), enable the British software company on the core U.S. customer base and profits to the shareholders back to sell.
Sage, that will return all of the proceeds through a share buyback program, said on Thursday that it had reached a final agreement to the subsidiary to sell, that is used by U.S. physician practices. He expects that the sale be completed in November 2011.
"Sales of Sage provides healthcare management in the North American region the significant opportunities in our core focus us customers", said Chief Executive guy Berruyer.
"We are our commitment to the provision of shareholder value a share buy-back programme with the proceeds from the sale reflects announcement."
Sage healthcare was £ 157 million turnover for the fiscal year September 30, 2010. Gross assets were £ 393 million and the total loss on the sale is pounds expected between 60 million and 70 million.
(Reporting by Kate Holton)
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