Orion Health to sell off Rhapsody business for $205 million

Auckland-based healthcare software vendor Orion Health plans to sells its profitable Rhapsody integration engine business to British private investment firm Hg for $NZ205 million, with some of the proceeds to be reinvested in its population health and hospitals divisions and to fund a share buyback.

Orion will continue to own the hospital division outright, with Hg to take a quarter shareholding in population health, and Orion will retain a quarter share in Rhapsody.

Posted in New Zealand eHealth

Tags: Orion Health, Rhapsody

Add comment

Please note comments of a self-promotional nature are likely to be deleted.

Security code
Refresh

Sign up for Pulse+IT eNewsletters

Sign up for Pulse+IT website access

For more information, click here.

Copyright © 2020 Pulse+IT Magazine
No content published on this website can be reproduced by any person for any reason without the prior written permission of the publisher.