The telecom said it has entered into a definitive agreement to purchase the Toronto-based digital-health platform for $33 per issued and outstanding common share, as well as assume about $600 million in net debt. (The Logic)
Skip to content
The telecom said it has entered into a definitive agreement to purchase the Toronto-based digital-health platform for $33 per issued and outstanding common share, as well as assume about $600 million in net debt. (The Logic)
Talking point: The deal to buy LifeWorks, formerly known as Morneau Shepell, will boost Telus Health’s services, the company said. The division focuses on digital health tech and is a personal priority for CEO Darren Entwistle. It has provided a boost to the telecom’s earnings and is likely to be spun out in a similar fashion to Telus International. With LifeWorks, Telus Health will have a “digital-first employee preventative and mental health wellness platform covering more than 50 million lives,” Entwistle said in a statement. LifeWorks shares jumped about 66 per cent Thursday to $30.28 each, while Telus shares fell nearly six per cent
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
Analysis
It turns out Trump does need something from Canada—aluminum
Briefing
BoC consultation reveals distrust of inflation figures
Carney says developers did not ask for B.C. condo buyout plan
BlackBerry raises its revenue outlook after beating performance expectations
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
