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Health-tech firm Orion targets 2018 profit

NZN 23/05/2016

Orion Health expects to become profitable in 2018 after demand for its technology outside its home territory helped lift full-year revenue 26 per cent.

Orion, a dual-listed New Zealand and Australian firm that offers patient health record management software, says it cut its annual loss to $54 million from $61m on revenues of $207m.

Contracts with customers, including UK pharmacy chain Boots and the French Ministry of Health, helped lift Europe, Middle East and Africa revenue 59 per cent to $48m, while North America revenue rose 32 per cent to $125m.

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