Orion Health's McCrae to take firm private

Wed, 06 Feb 2019

By Paul McBeth Feb. 7 (BusinessDesk) - Orion Health Group's founder and biggest shareholder, Ian McCrae, is leading a consortium to end the healthcare software developer's four-year stint as a public company. Macrae personally holds almost 86 percent of the outstanding stock and has pooled that stake with other investors, including Compac founder Hamish Kennedy's 5.3 percent holding, to make the takeover a certainty by crossing the 90 percent threshold needed to mop-up the remaining shares. The new entity - Grafton Health Holdings -...

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