SAN FRANCISCO -- Computer Sciences' (CSC Quote) $365 million takeover of First Consulting (FCGI Quote) is the largest in a string of similar deals to take information technology services firms deeper into the health care and drug industries.
Computer Sciences agreed to pay $13 a share for First Consulting, which had 20 outsourcing jobs with 43 hospitals and other health care facilities at the beginning of the year. First Consulting shareholders must still approve the deal.
First Consulting has been in a transitional state since 2005, as its looks for ways to pare costs while supplementing revenue lost after project terminations with New York Presbyterian and UMass Memorial. After losing these contracts, its 2006 revenue fell 5% to $278 million. ...
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