Orion shares drop to record low on warning contract & billing delays will dent sales

Orion shares drop to record low on warning contract & billing delays will dent sales
By Tina Morrison Jan. 30 (BusinessDesk) - Orion Health Group shares fell to a record low after the healthcare management software developer said delays in settling contracts and paying bills in North America will weigh on second-half revenue. "While receipts from customers are traditionally slower in the third quarter of each financial year they were lower than expected in the third quarter of FY2015 due to slower contract closures and billings in North America," the Auckland-based company said in a statement. "Management expect this tren...