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TELUS Health acquires Workplace Options for wellbeing services

May 14, 2025•7 months ago

Acquiring Company

TELUS Health

Acquired Company

Workplace Options

VancouverRaleighHealth CareHealth Care

Description

TELUS Health has acquired Workplace Options for approximately $500 million, enhancing its position in the global wellbeing solutions market. The acquisition combines TELUS Health's digital-first innovations with Workplace Options' extensive employee support services. This merger aims to create broader and more effective wellbeing solutions for clients worldwide. GTCR will invest $200 million to support TELUS Health's growth in this venture.

Company Information

Company

TELUS Health

Location

Vancouver, British Columbia, Canada

About

TELUS Health is a global healthcare leader providing comprehensive primary and preventive care services and solutions to improve physical, mental and financial wellbeing for employees and families worldwide. With our advanced technology and dedicated team members, including more than 100,000 compassionate health professionals, we are covering more than 69 million lives in 160 countries. We are on a mission to become the most trusted wellbeing company in the world by building the healthiest communities and workplaces on the planet through simplifying access to care and improving the flow of information between care providers, insurers, employers and individuals. For more information please visit: www.telushealth.com.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed