By Robb M. Stewart
Telus is bringing in private-equity firm GTCR to help support its acquisition of U.S.-based employee-health-services company Workplace Options.
The Canadian telecommunications-and-technology company said the strategic partnership will see GTCR invest $200 million as part of its $350 million deal for Workplace Options and provide its investor expertise in the healthcare industry to help drive Telus's push into digital healthcare services.
The company's Telus Health arm last week unveiled a deal to buy Workplace Options for cash, net of assumed debt of roughly $70 million.
Adding Workplace Options, which provides employee well-being services in 200 countries and territories, promises to bolster Telus Health's efforts to partner with healthcare providers, digital health organizations, health plans and employers. Vancouver, British Columbia-based Telus said the deal will establish a global network of more than 180,000 providers.
Write to Robb M. Stewart at robb.stewart@wsj.com
(END) Dow Jones Newswires
May 14, 2025 06:44 ET (10:44 GMT)
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