Update: Orion Health seeks up to $150 million, but offers no forecasts

Tue, 28 Oct 2014

By Fiona Rotherham Oct. 28 (BusinessDesk) - Orion Health Group, which develops software systems for patient health management, wants to raise up to $150 million in new capital in an initial public offer but says it won't offer earnings forecast because of the "lumpy" nature of the group's revenues and it feared misleading investors as a result. The IPO would value the firm at almost a billion dollars and give public investors up to 17.4 percent of the company. The Auckland-based company plans to sell between 21.9 million and 29.1 milli...

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