TELUS Health Expands Global Reach with Acquisition of Workplace Options
Deal News | May 14, 2025 | PR Newswire Cision TELUS Health; TELUS Communications Inc.
TELUS Health has finalized the acquisition of Workplace Options, a leading global provider of integrated employee wellbeing services, for approximately $500 million net of assumed debt. This strategic move positions TELUS Health as a dominant force in the global health and wellbeing sector, extending its capabilities with a network of over 180,000 providers in more than 200 countries. This acquisition is bolstered by a $200 million investment from GTCR, a private equity firm with deep expertise in healthcare investments, aiming to accelerate TELUS Health’s global growth and innovation strategy. The partnership is expected to enhance TELUS Health's offerings in Employee and Family Assistance Programs (EFAP) by combining TELUS’s digital infrastructure and AI expertise with Workplace Options' digital capabilities. TELUS Health now aims to cater to over 150 million lives with comprehensive health solutions through this transformative acquisition. The collaboration relies on GTCR’s strategic partnership to drive corporate innovation and value creation in the healthcare space.
Sectors
- Healthcare Services
- Private Equity
Geography
- Canada – TELUS Health is based in Vancouver, BC, and is a Canadian company leading the acquisition.
- United States – GTCR, the private equity firm investing in the acquisition, is based in the United States.
- Global – Workplace Options operates in over 200 countries, and the acquisition aims to enhance global health and wellbeing services reach.
Industry
- Healthcare Services – This industry pertains to TELUS Health's focus on providing digital health and wellbeing services to individuals globally.
- Private Equity – Relevant due to GTCR's $200 million investment in TELUS Health's acquisition, reflecting the financing aspect of the healthcare expansion.
Financials
- US$200 million – GTCR's investment into the TELUS Health acquisition.
- $500 million – Purchase price of Workplace Options by TELUS Health, net of $100 million assumed debt.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TELUS Health | Acquirer | Company | A provider of global digital health and wellbeing services. |
| Workplace Options | Target Company | Company | A global provider of employee wellbeing services with operations in over 200 countries. |
| GTCR | Investor | Company | A private equity firm investing $200 million in the TELUS Health acquisition. |
| Darren Entwistle | President and CEO | Person | CEO of TELUS, providing insights on the acquisition strategy. |
| Navin Arora | Executive Vice-president | Person | Executive Vice-president of TELUS, discussing growth opportunities from the acquisition. |
| Alan King | CEO | Person | CEO of Workplace Options, expressing the advantages of the acquisition. |
| Dean Mihas | Co-CEO and Managing Director | Person | Co-CEO and Managing Director at GTCR, detailing their investment strategy. |