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Orion Health™ Completes $125 Million IPO in New Zealand

Trading Began on NZX Main Board and ASX in November

Boston, MA – December 16, 2014Orion Health, a leading population health management company, announced that shares of Orion Health Group Limited (Orion Health, the Company) began trading on the NZX Main Board and ASX following a successful IPO that raised $125 million (NZD) which included $120 million in new capital. Strong demand for the shares from eligible institutions and the clients of NZX firms saw the shares priced at $5.70, at the top of the indicative price range of $4.30-$5.70.

“Both our new shareholders and those who have supported the company over the last 21 years clearly understand the dynamics of the health data expansion and Orion Health’s ability to deliver world class solutions that will provide better outcomes for patients, providers and those who fund healthcare services,” said Andrew Ferrier, Orion Health Chairman. “Orion Health is now equipped with the resources necessary to invest in additional research and development to capture these once in a generation opportunities for innovation.”

“Health industries in many countries are aware of the impending funding crisis they will experience in the next few years. This will be driven by aging populations – the huge increase in health data likely to flow from new devices and the demands of patients for greater control over their own healthcare,” said Orion Health Founder and Chief Executive Officer, Ian McCrae. “Orion Health is already at the forefront with solutions that are delivering benefits to 450 customers across 25 countries. We are now funded to significantly increase our research and development efforts to expand our capability and solutions for customers.”

McCrae retains 98% of his shareholding and still holds 50.3% of the company. Orion Health’s shares trade with the code OHE on both the NZX Main Board and ASX. Deustche Craigs and First NZ Capital were Joint Lead Managers for the IPO.

About Orion Health Inc.

Orion Health, a population health management company, makes healthcare information available anywhere by providing healthcare IT connectivity in nearly every U.S. state and in over 30 countries worldwide—facilitating care for tens of millions of patients every day. With an inherent ability to interconnect a wide variety of healthcare information systems, Orion Health facilitates data exchange within and among provider organizations, accountable care organizations, health plans, governments and health information exchanges, to improve care coordination, enable population health management, enhance quality of care and help reduce costs. For more information, visit www.orionhealth.com. Connect with us on Twitter, Facebook and LinkedIn.

December 16, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.

Qualcomm and The George Institute for Global Health Establish the China Center for mHealth Innovation

New Initiative Designed to Support the Development of Community Healthcare and Contribute to Mobile Health Innovation in China

Qualcomm Incorporated, through its Qualcomm® Wireless Reach™ initiative, and The George Institute for Global Health, a not-for-profit medical and healthcare research organization dedicated to improving global health, today announced that they are collaborating on the creation of the China Center for mHealth Innovation (CCmHI) to support the Chinese central government’s goal, as stated in the Twelfth Five Year Plan (2011-2015), of improving community healthcare in China.

Hosted by The George Institute for Global Health at Peking University Health Science Center and funded by Qualcomm Wireless Reach, CCmHI is positioned to become a world-class center for mobile health (mHealth) innovation. Working with central and provincial governments, CCmHI will help improve community healthcare in China by developing mHealth solutions, implementing clinical evaluations and contributing to strategies for the implementation and scale-up of effective and affordable mHealth tools.

CCmHI’s main priorities are to:

  • Build Chinese capacity in digital healthcare development and evaluation, including providing opportunities for student internships and fellowships.
  • Develop and evaluate mHealth platforms designed to provide community healthcare workers with evidence-based, personalized guidance about the care of individual patients.
  • Target the 10 leading causes of premature death and disability in China.
  • Provide solutions that are effective in both urban and rural settings.
  • Assist with the integration of mHealth strategies into national and provincial policies and guidelines.
  • Support the development and expanded use of mHealth technologies globally.

Initially, CCmHI will conduct a landscape analysis of digital health policies, laws, standards, programs and research activities in China, all of which will inform CCmHI’s pilot and flagship research efforts. CCmHI aims to develop and field test at least one mHealth program for chronic disease management in its first year, which will lead to larger scale mHealth programs in future years.

China’s Twelfth Five Year Plan (2011-2015) prioritizes the development of affordable, quality, and accessible healthcare for the entire population. CCmHI will contribute to this goal through the development of innovative mobile technology solutions designed to improve community healthcare services. CCmHI aims to support the central government’s deepened commitment to healthcare reform in the Third Plenum late last year, which includes improving technological advancement and development of the healthcare field and strengthening healthcare professionals’ capacity.

With the rapid expansion of mobile internet connectivity across China, the potential exists to affordably create and link sophisticated digital health systems for healthcare workers, electronic health records, point-of-care diagnostics and systems that will enable regional health authorities to monitor and manage the quality and outcomes of community healthcare. Combined with consumer applications that provide tools for self-care using secure data transfer to a cloud-based server, these new digital health systems can enable solutions to healthcare delivery obstacles.

“The George Institute is proud to collaborate with Qualcomm in the establishment of CCmHI as a world-class center for mHealth innovation,” said Stephen MacMahon, Principal Director of The George Institute for Global Health and Honorary Professor of Public Health at the Peking University Health Science Center. “There is a pressing need for fresh approaches to community healthcare in China and globally, particularly in resource-poor areas. CCmHI will address this need by developing new mHealth strategies designed to improve care for individuals at high risk of stroke and other prevalent causes of premature death and disability.”

“Qualcomm appreciates the opportunity to work with The George Institute to help advance community healthcare in China,” said Steve Mollenkopf, chief executive officer, Qualcomm Incorporated. “Since 2006, Wireless Reach has led programs that leverage advanced wireless technologies to achieve economic and social impact in underserved areas throughout China. To date, these programs have directly or indirectly benefitted nearly 850,000 people. Our investment in CCmHI is part of our continuing commitment to improve the lives of Chinese citizens and contribute to the creation of an innovation-based economy in China.”

About The George Institute for Global Health and George Institute China

The George Institute for Global Health is a non-profit medical and healthcare research organization with a mission to improve the health of millions of people worldwide by providing the best evidence to guide critical health decisions, engaging with decision-makers to enact real change, targeting global epidemics – particularly of chronic diseases and injury – and focusing on vulnerable populations in both rich and poor countries. Established in 1999 in Australia and affiliated with The University of Sydney, the Institute today has 4 centres in Australia, China, India and the United Kingdom. It is affiliated with Peking University Health Science Center in China, the University of Hyderabad in India and the University of Oxford in the United Kingdom.

The establishment of the China-Australia Partnership for Health in 2004 marked the beginning of the Institute’s development in China. The George Institute for Global Health China was officially launched in 2007, and in 2012 it was designated an official affiliate of PUHSC.  Today the Institute is one of China’s leading independent health research organizations working in partnership with governments, universities, hospitals and healthcare centres across China.

Globally, The George Institute has projects in more than 50 countries, has raised more than $500 million for global health research, and has been ranked among the top 10 research institutions in the world for scientific impact by the SCImago Institution Rankings World Report in 2011-2013.

About the Qualcomm® Wireless Reach™ Initiative

Qualcomm® Wireless Reach™ is a strategic initiative that brings wireless technology to underserved communities globally. Wireless Reach invests in projects that foster entrepreneurship, aid in public safety, enhance the delivery of health care, enrich teaching and learning and improve environmental sustainability. Formalized in 2006, Wireless Reach has grown to include 105 projects in 40 countries that use advanced wireless technologies to advance social and economic development. To learn more about the Wireless Reach initiative, please visit our website

November 10, 2014 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 10 blogs containing over 8000 articles with John having written over 4000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 16 million times. John also manages Healthcare IT Central and Healthcare IT Today, the leading career Health IT job board and blog. John is co-founder of InfluentialNetworks.com and Physia.com. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and LinkedIn.