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Announced

Hg Capital to acquire a majority stake in Orion Health for NZ$205m.

Synopsis

Hg Capital, a sector expert investor, committed to helping build ambitious businesses across the technology, services and industrial technology space, agreed to acquire a majority stake in Orion Health, a health technology company that provides solutions which enable healthcare to over 110m patients globally, for NZ$205m. “Hg has been researching the theme of interoperability and population health management in healthcare IT over many years. We believe this is a key global growth theme backed by substantial market funding and resources. Rhapsody provides fantastic products and services for this market and we look forward to partnering with the team at Rhapsody to maximise its potential across the globe. We are also excited to work with Ian and the team to realise the full potential of the Population Health business,” David Issott, Hg Partner.

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