Independent adviser KordaMentha backs Orion Health's $205M carve-up

Thu, 06 Sep 2018

By Paul McBeth Sept. 7 (BusinessDesk) - Orion Health Group's plans to carve up its businesses then return capital through a share buyback is fair to minority shareholders who've seen their investment's value whittled away and probably better than any alternative, says independent adviser KordaMentha. The Auckland-based company outlined the plan in July to split up the business, selling the Rhapsody unit to UK private equity firm Hg for $205 million, dilute its stake in the population health management (PHM) unit, and retain full ownershi...

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