Orion Health sells Rhapsody division for $205 million

Orion Health is selling its Rhapsody division to British investment company Hg for $205 million. Orion will then buy back a 25 per cent shareholding in the business for $28 million.

The company says the sale will have no impact on its customers’ day-to-day relationship with the Orion Health team.

Rhapsody is Orion Health’s integration engine and is an integral part of the company’s suite of applications used by health providers across New Zealand.

A statement to eHealthNews.nz says, “our Orion Health team will continue to work with customers as part of the Hg agreement.

“In the future there is every intention for the businesses to work very closely together ensuring there is a continuity of customer care across the businesses.”


Published by eHealthNews.nz on 5 July 2018.