Canadian firm snaps up healthcare tech company Orion Health for $200m

Ian McCrae founded healthcare software company Orion Health. (Image: Supplied)

Tue, 17 Dec 2024

Auckland-based health software company Orion Health has been sold in a $200 million deal to Canadian tech company Healwell AI. Orion said the Canadian digital health marketer would pay CA$165m (NZ$200m) for 100% of Orion’s shares with CA$86m paid in cash with a CA$20.5m three-year earnout and the balance in Healwell shares. Orion offers subscription patient record programmes and healthcare navigation products. Healwell chair Hamed Shahbazi said the acquisition of Orion Health was a game-changer.“Orion Health brin...

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