Post by
retiredcf on Dec 21, 2024 1:01pm
Sounds Good
Thoughts on Healwell purchasing Orion Health of NZ....and the subsequent financing announced...The stock has been on quite a run lately. Does the deal & the financing look good?
Orion looks like a good purchase, adding 11 countries, 400 employees, $100M in sales and $20M in EBITDA. Price seems reasonable and it has an AI-angle to it as well. The bought deal has been upsized to $55M indicating strong demand. The vendor is taking part payment in shares which indicates future confidence. Overall, we like the deal and market cap will move towards $500M which could attract larger fund investors. (5iResearch)