CORRECT: Orion to raise $125 mln at $5.70 a share, top of the range

Thu, 06 Nov 2014

(Corrects number of shares sold in second par) By Suze Metherell Nov. 7 (BusinessDesk) - Shares of Orion Healthcare Group, which develops software systems for patient health management, have been priced at $5.70, the top of the range, raising $125 million, the bulk of which is new capital. The Auckland-based business will sell 21.1 million news shares to raise $120 million in new capital, while chief executive and founder Ian McCrae will sell a further $5 million, or 880,000 shares, into the float, it said in statement. The company wa...

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