Orion Health edges closer to going public, hiring 'IPO comms' firm
By Jonathan Underhill
Aug. 11 (BusinessDesk) - Orion Health, whose cloud-based software manages patient data for some 300,000 clinicians
worldwide, gave another hint it plans to go public this year, hiring a corporate public relations firm that has
specialised in initial public offerings.
Auckland-based Senescall Akers, whose clients have included Gentrack, ikeGPS, Hirepool, Airwork, A2 Milk and Synlait
Milk, has been retained by the health software group ahead of what will be one of the biggest share sales this year.
A spokesman for the PR firm declined to comment and Orion Health didn't immediately return calls, but executives have
previously said they've been in talks with brokerages First NZ Capital and Craigs Investment Partners. There has been
speculation the capital raising would be $500 million, making it second only to the Genesis Energy IPO that raised $736
million for the government.
Orion's revenue climbed 22 percent to $122 million in 2013, ranking it third on the Tin100 list of fast-growth
companies. The company increased sales to both Europe and North America and the company is "emerging as the leading
vendor," which is "driving unprecedented growth," according to the tinetwork.co.nz website.
Orion today announced that it has was supreme winner of the American Chamber of Commerce Success and Innovation Awards
2014 and winning an exporter of the year award.
(BusinessDesk)