Telus Corporation (TSX: T) (NYSE: TU) announced a strategic partnership with GTCR, a private equity investor with extensive expertise across the healthcare landscape, supporting TELUS Health’s recently announced acquisition of Raleigh, NC-based Workplace Options.
Last week, TELUS Health announced the acquisition of Workplace Options for cash of approximately US$350m, net of assumed debt of approximately US$70m.
Led by Alan King, CEO, Workplace Options is a global provider of integrated employee wellbeing solutions across 200 countries and territories.
Led by Darren Entwistle, President and CEO, TELUS Health is one of the largest companies providing digital-first health and wellbeing services and solutions globally to empower individuals to live their healthiest lives.
The transaction:
- Establishes a global network of more than 180,000 providers across more than 200 countries and territories
- Delivers a standardized model for providing customers with robust EFAP and wellbeing services, backed by industry-leading customer experience support, global scale and reach.
- Brings together TELUS’ infrastructure and leading networks with Workplace Options’ digital capabilities, as well as TELUS Digital’s AI expertise.
FinSMEs
20/05/2025