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Orion Health shares surge after UK deal

NZ NewswireNZ Newswire 11/04/2016 Paul McBeth

Orion Health shares extended their advance after the health systems software developer signed up a pair of new clients in the UK.

The shares rose 5.7 per cent to $4.25, the highest level since June 2015, adding to a 26 per cent gain so far this year.

The Auckland-based company will roll out an electronic medical record and patient engagement tool for two London hospitals which care for 1 million people.

It will also provide an integrated health and social care record for NHS Fife in east Scotland, which services a population of 360,000.

Chief executive Ian McCrae said in a statement that the deals show Orion Health's growing presence in Europe.

"This contract extends Orion Health's reach to five mainland health boards and one specialist health board and increases the population covered by Orion Health solutions to over 50 per cent of Scotland," Mr McCrae said.

Orion Health has been unveiling a series of new contracts in the US and Australia over the past few months as it looks to build out its customer base in a bid to expand its global operations.

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