14 Nov 2014

Orion Health poised for growth

8:06 am on 14 November 2014

Orion Health says it is well-placed to take advantage of big opportunities ahead for explosive growth in health-data management and genomics.

The company is raising $125 million in an initial public offering of shares with Telstra Health buying a $20 million stake in the New Zealand-based company.

The subsidiary of the Australian telecommunications company will pay $5.70 per share, giving it a 2 percent stake in Orion.

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