NZ Herald
  • Home
  • Latest news
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather forecasts

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
    • The Great NZ Road Trip
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
    • Cooking the Books
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • What the Actual
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business

Ian McCrae retires as Orion Health CEO after 30 years, names successor

Chris Keall
By Chris Keall
Technology Editor/Senior Business Writer·NZ Herald·
21 Jul, 2022 05:40 AM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Outgoing Orion Health CEO Ian McCrae in April 2021. Photo / Michael Craig

Outgoing Orion Health CEO Ian McCrae in April 2021. Photo / Michael Craig

Orion Health chief executive Ian McCrae says he'll retire after nearly 30 years in the role next month.

In March, McCrae told the Herald he had undergone surgery for a brain tumour. The surgery had been a success, but he was temporarily sidelined from driving - and had given his own company's patient record software something of a workout as he entered the names of some "20 or 25" drugs.

This afternoon, he said: "I'm back to pretty decent health. But after 30 years, it's time to give someone else a go."

Incoming CEO Brad Porter. Photo / Supplied
Incoming CEO Brad Porter. Photo / Supplied

That someone else is Brad Porter, head of international sales for Fisher & Paykel Healthcare - which became New Zealand's largest company by market cap during the pandemic as its sales jumped from $800 million to more than $2 billion.

Advertisement
Advertise with NZME.

"Brad was front-and-centre of Fisher & Paykel's Covid response," McCrae says.

Porter - McCrae's son-in-law - graduated from Auckland University with a BCom in commercial law and accounting in 2005, worked for KPMG and Collier Capital before joining F&P in 2014.

McCrae says while he's pulling back from the CEO role, he will remain as a director and major shareholder, and keep a hand in product development.

"Orion will be half-time," he says.

Advertisement
Advertise with NZME.

While the founder might have a bit more time on his hands, travel was not on the agenda.

"After 30 years of living out of a suitcase, I'd rather have dental surgery," he said.

Discover more

Telecommunications

Spark 5G trials super fast flavour of 5G in Canterbury, all mobile players raise questions about Starlink freeloading

21 Jul 05:30 AM
Business

Rocket Lab's big NZ expansion

20 Jul 05:25 AM
Business

Rugby World Cup: Sky TV moves to reclaim tournament from Spark

18 Jul 06:33 AM
Business

Cannasouth scores its first major deal

14 Jul 05:23 AM

Full house

Earlier, at Orion's 20th anniversary (the firm was formed in 1993), McCrae recalled some of the hard-scrabble early years - which included renting a basic house in Los Angeles that served as its first US "office".

The crashpad was shared by up to 15, with couches pressed into service as beds, before country manager Paul Viskovich phoned McCrae - back in Auckland at the time - and complained, "I've just done a job interview in my bedroom. It's just not appropriate."

Orion listed on the NZX in 2014 and saw its market cap top $1b as it rode the "Obamacare" boom in the US, which had become its largest market (Viskovich having evidently managed to do a few decent moves in said bedroom).

But things went south as the unexpectedly high cost of moving Orion's systems to the cloud coincided with the healthcare spending winter of the Trump years.

Orion suffered heavy losses and a cash crunch in the two years before it delisted from the NZX in 2019 as McCrae offered to mop up shares for between $1.18 and $1.26 - or around a sixth of their peak - after a series of grim meetings with investors.

Insult was added to injury early in the pandemic as our Ministry of Health snubbed Orion - the incumbent - for a $38m contract to upgrade NZ's vaccination record software, which went without a tender process to multinationals Salesforce, Deloitte and Amazon.

Advertisement
Advertise with NZME.

McCrae called the tender process "third-world" but had a complaint to the Auditor-General knocked back.

More recently, Orion has been on the comeback trail.

In June, McCrae said the firm had returned to the black for the second year in a row, which he credited, in part, to more freedom for long-term planning, and more agility, after being freed from the constraints that come with being a public company.

Orion made a profit before short-term incentives of $8m in the 12 months to March 31, 2022 - and that profit after the incentive payments will be similar to last year's $5m, the outgoing CEO said.

Revenue rose 12 per cent to $150m, with 80 per cent coming from overseas.

And two major contract wins had added to its forward bookings:

In April last year, McCrae said his firm had won a multi-year deal to build a patient record system for the US state of Oklahoma, worth a total US$100m ($155m).

And in March this year, McCrae said Orion had won a contract to digitise Saudi Arabia's health records that would be worth "hundreds of millions" to his company over the next decade. The project will create the world's largest health information exchange (HIE), the CEO said.

This afternoon, McCrae said the global HIE market was poised to double from around US$250b to US$500b over the next couple of years.

"We're really well positioned. There's a lot for Brad to get stuck into."

Save

    Share this article

    Reminder, this is a Premium article and requires a subscription to read.

Latest from Business

Premium
Business

Xero cracks $2 billion revenue for first time but subscriber growth slows

14 May 11:51 PM
Premium
EconomyUpdated

U-turn: Treasury to let union and other groups attend Budget lock-up

14 May 11:30 PM
Business

Butter prices soar 65%, driving food cost higher, new data shows

14 May 11:23 PM

“Not an invisible footprint”: Why technology supply chains need optimising

sponsored
Advertisement
Advertise with NZME.

Latest from Business

Premium
Xero cracks $2 billion revenue for first time but subscriber growth slows

Xero cracks $2 billion revenue for first time but subscriber growth slows

14 May 11:51 PM

Software will escape tariffs but Xero vulnerable to recession, analyst says.

Premium
U-turn: Treasury to let union and other groups attend Budget lock-up

U-turn: Treasury to let union and other groups attend Budget lock-up

14 May 11:30 PM
Butter prices soar 65%, driving food cost higher, new data shows

Butter prices soar 65%, driving food cost higher, new data shows

14 May 11:23 PM
'See something, report it': New SFO campaign targets foreign bribery

'See something, report it': New SFO campaign targets foreign bribery

14 May 11:00 PM
Deposit scheme reduces risk, boosts trust – General Finance
sponsored

Deposit scheme reduces risk, boosts trust – General Finance

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • What the Actual
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven CarGuide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP