Orion flags further US contract delays; stock drops 5% to record low

Tue, 09 Jun 2015

By Suze Metherell June 10 (BusinessDesk) - Orion Health, the healthcare system software developer which listed on the NZX last November, says an expected US-based contract has been delayed. Its shares sank to a record low. The Auckland-based company said a contract with one of its US payer customers has been delayed for 12 months because the customer wants "to focus on more immediate priorities", but Orion didn't see the need to revise its forecasts for 2016. Orion flagged two contracts with US payers in the lead up to its initial public...

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