Orion Health restructures business units amid share price lows

Auckland-based Orion Health will reorganise its business into three main divisions and look to reduce or redeploy resources as its share price hits lows and its hopes of achieving profitability this financial year fade.

Orion, which listed on the Australian and New Zealand stock exchanges in late 2014 after many years as a profitable private company, announced this week that its operating revenue would be slightly lower than its guidance range, at between $170 and $173 million, and it has not crossed into break even territory.

Posted in New Zealand eHealth

Tags: Orion Health

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