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Who’d want to be a listed health IT company?

7 April 2017
By Kate McDonald

Poor old Orion Health took an absolute bath on the stock exchange this week, its share price plummeting 15 per cent on Monday and another 14 per cent on Tuesday after it provided an update to the market. The reason? A slightly lower revenue forecast, a shrinking bank balance and a few new contracts sliding into FY 2018, including a small but important win to provide a shared care record in the county of Dorset in the UK.

Orion is doing well in the massive US sector, which has been its largest market for some time, but it's likely that the company will have to ask investors for a bit more dough in the short term or start to draw down on its debt facility. As a health IT company like Orion is a long-term bet, you do have to wonder what the scaredy cats who deserted it this week were doing investing in the first place.

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