Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Orion edges closer to going public, hiring 'IPO comms' firm

Orion Health edges closer to going public, hiring 'IPO comms' firm

By Jonathan Underhill

Aug. 11 (BusinessDesk) - Orion Health, whose cloud-based software manages patient data for some 300,000 clinicians worldwide, gave another hint it plans to go public this year, hiring a corporate public relations firm that has specialised in initial public offerings.

Auckland-based Senescall Akers, whose clients have included Gentrack, ikeGPS, Hirepool, Airwork, A2 Milk and Synlait Milk, has been retained by the health software group ahead of what will be one of the biggest share sales this year.

A spokesman for the PR firm declined to comment and Orion Health didn't immediately return calls, but executives have previously said they've been in talks with brokerages First NZ Capital and Craigs Investment Partners. There has been speculation the capital raising would be $500 million, making it second only to the Genesis Energy IPO that raised $736 million for the government.

Orion's revenue climbed 22 percent to $122 million in 2013, ranking it third on the Tin100 list of fast-growth companies. The company increased sales to both Europe and North America and the company is "emerging as the leading vendor," which is "driving unprecedented growth," according to the tinetwork.co.nz website.

Orion today announced that it has was supreme winner of the American Chamber of Commerce Success and Innovation Awards 2014 and winning an exporter of the year award.

(BusinessDesk)

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half Empty: Fonterra's 2017 Opening Forecast Below Expectations

Fonterra Cooperative Group raised its forecast farmgate milk payout for next season by less than expected as the world's largest dairy exporter predicts lower prices will crimp production and supply will pick up. The New Zealand dollar fell. More>>

ALSO:

Pest Control: Mouse Blitz Team Leaves For Antipodes

The Million Dollar Mouse project to rid Antipodes Island of mice is underway with the departure of a rodent eradication team to the remote nature reserve and World Heritage Area. More>>

Gongs Got: Canon Media Awards & NZ Radio Awards Happen

Radio NZ: RNZ website The Wireless, which is co-funded by NZ On Air, was named best website, while Toby Manhire and Toby Morris won the best opinion general writing section for their weekly column on rnz.co.nz and Tess McClure won the best junior feature writer section. More>>

ALSO:

Pre-Budget: Debt Focus Risks Losing Opportunity To Stoke Economy

The Treasury is likely to upgrade its forecasts for economic growth in Budget 2016 next week but Finance Minister Bill English has already signalled that more of his focus is on debt repayment than on fiscal stimulus or tax cuts... More>>

ALSO:

Fulton Hogan's Heroes: Managing Director Nick Miller Resigns

Fulton Hogan managing director Nick Miller will leave the privately owned construction company after seven years in charge. The Dunedin-based company has kicked off a search for a replacement, and Miller will stay on at the helm until March next year, or until a successor has been appointed and a transition period completed. More>>

ALSO:

Gordon Campbell: On Electricity, Executions, And Bob Dylan

The Electricity Authority has unveiled the final version of its pricing plan for electricity transmission. This will change the way transmission prices (which comprise about 10% of the average power bill) are computed, and will add hundreds of dollars a year to power bills for many ordinary consumers. More>>

ALSO:

Half Empty: Fonterra NZ, Australia Milk Collection Drops In Season

Fonterra Cooperative Group says milk collection is down in New Zealand and Australia, its two largest markets, in the first 11 months of the season during a period of weak dairy prices. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news