Telstra Corporation Ltd (TLS) Invests In Pharmacy Health Software Company Fred IT Group

Posted Oct 1, 2013

Telstra Corporation Ltd (ASX:TLS) has invested in Fred IT Group to get a 50% interest in the Fred IT Group.  Fred IT Group is a leading provider of IT services that delivers dispensing software to pharmacies.

“Community pharmacies play a vital role in providing services and advice to millions of Australians and Fred IT Group is at the leading edge of companies offering eHealth solutions to the community, GPs and pharmacists,” stated Telstra’s Head of Health Shane Solomon.

This investment follows Telstra’s acquisition of healthcare software company DCA eHealth Solutions and a recent investment in electronic health record specialist IPHealth.  Telstra also invested in online health appointment booking company Health Engine.

Fred IT Group develops software solutions like Fred Dispense, Fred Office, and Fred Net Broadband.  Fred IT Group has a customer base of over 3,000 pharmacy customers.