Orion Health optimistic it's on the road to recovery, investors less so

Tue, 29 May 2018

By Nikki Mandow May 29 (BusinessDesk) - Fallen sharemarket darling Orion Health Group says $40 million of cost-cutting between 2017 and 2019, plus a strong order book, might see the software developer sneak into profitability this financial year. If not, it’s likely to be back in the black in 2020, according to chief financial officer Mark Tisdel. But the sharemarket wasn’t impressed with the news, knocking the stock down 2.9 percent, after a brief upwards move. The almost 25-year-old healthcare software company announced operating rev...

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