US EditionOrion Health sold to Canadian AI company
- Auckland-Based health software company Orion Health has been sold to Canadian tech company Healwell AI in a $200 million deal.
- Healwell AI will pay CA$165 million for 100% of Orion’s shares, with CA$86 million paid in cash and the rest in shares.
- Healwell Chair Hamed Shahbazi stated that the acquisition is a game-changer for their company.
- Shahbazi mentioned that the transaction will 'single-handedly propel Healwell into being a profitable and cash-generative company.
4 Articles
4 Articles
HEALWELL AI buying Orion Health for $115M
Toronto-listed HEALWELL AI is making a multi-million-dollar purchase of New Zealand-based Orion Health to combine their capabilities in data infrastructure and AI. The Canadian healthcare AI company signed a deal to acquire Orion Health, which offers health data management solutions, for CA$165 million or NZ$200 million ($115 million). The transaction, advised by JP Morgan, is expected to close in April next year, subject to various approvals f…
Sold: Orion Health snapped up by Canadian health AI firm Healwell
Toronto-based AI company Healwell has sealed a $200 million deal to acquire Auckland-based healthtech developer Orion Health, minus assets considered non-strategic. The deal will see Healwell acquire all of the shares of Orion Health, following the concurrent divestiture of Orion Health’s non-strategic assets, for an aggregate purchase price of $175 million plus a performance-based earnout of up to a further $25 million. Orion Health has over 70…
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