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BRIEF-Orion Health Group To Undertake Share Buyback At An Estimated Price Range Of $1.16-$1.26 Per Share

Published 31/10/2018, 12:23 pm
© Reuters.  BRIEF-Orion Health Group To Undertake Share Buyback At An Estimated Price Range Of $1.16-$1.26 Per Share
OHE
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Oct 31 (Reuters) - Orion Health Group Ltd OHE.NZ :

* WILL UNDERTAKE A SHARE BUYBACK AT AN ESTIMATED PRICE RANGE OF $1.16-$1.26 PER SHARE

* ORION HEALTH WILL OPERATE AS THREE SEPARATE BUSINESSES

* COMPLETES TRANSACTION WITH HG FOR ACQUISITION OF RHAPSODY AND A 24.9% STAKE IN ORION HEALTH'S POPULATION HEALTH MANAGEMENT BUSINESS

* HG TO ACQUIRE ORION HEALTH'S RHAPSODY BUSINESS FOR $205 MILLION, ORION TO USE ABOUT $28 MILLION OF PROCEEDS TO RETAIN 24.9% STAKE IN RHAPSODY

* HG TO ALSO TAKE A 24.9% STAKE IN ORION HEALTH'S POPULATION HEALTH MANAGEMENT BUSINESS BY INVESTING ABOUT $20 MILLION OF EQUITY

* ALL FIGURES IN NZ$

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