CORRECT: Telstra spends $20 million for 2% of Orion Health in IPO bookbuild

Wed, 12 Nov 2014

(Corrects number of shares in second par) By Suze Metherell Nov. 13 (BusinessDesk) - Telstra Health, a unit of Australia's largest telecommunications business Telstra Corp, bought 2 percent of Orion Health Group in the healthcare management software developer's bookbuild last week in the lead up to its listing later this month. The Melbourne-based telecommunications business spent $20 million buying 3.5 million shares at $5.70 a piece in last week's bookbuild, which valued the company at $915 million, Auckland-based Orion said in a sta...

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