Orion Health shareholders vote to sell Rhapsody
Wednesday, 3 October 2018
Return to eHealthNews.nz home page Orion Health shareholders voted to sell the company’s Rhapsody division to Hg at an annual shareholders’ meeting last month.
Orion plans to split up its business, selling Rhapsody and 25 per cent of its population health management business for $225 million.
Following the transaction, Orion will undertake a share buy-back offer at an estimated price of $1.16–$1.26.
Results show 99.9 per cent of shareholders were in favour of the transaction and 99.8 per cent supported the share buy-back.
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