Orange to spin off e-health subsidiary Almerys - report

Sunday 15 February 2015 | 13:53 CET | News
Orange is preparing to sel lits 64 percent stake in Almerys to its co-founder Global Services Sante (G2S), reports Les Echos, citing unnamed sources. Described as an amicable divorce, Orange found it too difficult to find synergies between its e-health division and Almerys, which specialises in health service data management. The stake is expected to be sold for EUR 11.5 million, or nearly 450 times Orange's initial investment of EUR 25,600.

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Categories: Internet / Mobile & Wireless
Companies: Orange
Countries: France
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