Hg to buy Orion Health's Rhapsody for $205M, take quarter stake in Population Health unit

Mon, 02 Jul 2018

By Jonathan Underhill July 3 (BusinessDesk) - Orion Health Group said UK-based private equity firm Hg will acquire its Rhapsody business for $205 million and take a quarter stake in its Population Health unit for $20 million, leaving the New Zealand company in 100 percent control of just its hospitals division. The transactions were outlined in a statement to the NZX and follow a strategic review by Auckland-based Orion that started in April last year. Of the $205 million, Orion will immediately use some $28 million to acquire about 25 pe...

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