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Clanwilliam Group signs sale agreement against backdrop of US court hearings over Lindberg fraud

Dublin-based Clanwilliam Group, a major supplier of electronic patient record software, has signed a sale agreement with TA Associates for approximately $450 million. The sale is linked to the retrieval of funds related to a multibillion-dollar fraud by Clanwilliam's former owner, Greg Lindberg. US court documents indicate that the sale was approved to benefit plaintiffs in the Lindberg fraud case, with Lindberg barred from controlling the proceeds. Clanwilliam is currently under investigation by the CCPC for suspected breaches of competition law.
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