TELUS Health Strengthens Global Presence with Acquisition of Workplace Options
Deal News | May 15, 2025 | PR Newswire Cision TELUS Health; TELUS Communications Inc.
TELUS Health, a leading provider of health and wellness services, has announced the acquisition of Workplace Options, a prominent provider of integrated well-being solutions to Fortune 500 companies across 200 countries and territories. The transaction, valued at approximately $500 million, represents a strategic move by TELUS Health to strengthen its global position in the employee wellness sector. In support of this acquisition, GTCR, a private equity firm with extensive expertise in healthcare, will invest $200 million, leveraging its strategic insights to expedite TELUS Health’s innovation and growth on a worldwide scale. This transaction enables TELUS Health to offer a comprehensive range of digital health solutions, including employee assistance programs and preventative and primary wellness management, to over 150 million individuals globally. The partnership is set to revolutionize the delivery of health services with state-of-the-art digital capabilities enhanced by TELUS's AI expertise. The acquisition not only expands TELUS Health's service offerings but also contributes to establishing a standardized global model for high-quality Employee Assistance Programs (EAPs) and wellness services.
Sectors
- Healthcare and Wellness
- Private Equity
- Technology
Geography
- Global – TELUS Health operates on a multinational scale, influencing wellness solutions in over 200 countries and territories.
- Canada – TELUS Health is based in Canada, and the acquisition of Workplace Options strengthens its position both domestically and internationally.
- United States – GTCR, the private equity firm investing in the deal, is based in the United States, highlighting cross-border investment dynamics.
Industry
- Healthcare and Wellness – The article discusses the acquisition of Workplace Options, a major player in employee wellness services, by TELUS Health, positioning them as a leader in global health and well-being solutions.
- Private Equity – GTCR's involvement and investment in the acquisition highlights the role of private equity in facilitating growth and strategic development within the healthcare sector.
- Technology – The integration of digital and AI capabilities in healthcare solutions is a key aspect of this acquisition, emphasizing the technological advancements in wellness services.
Financials
- 500 million USD – Total acquisition price for Workplace Options by TELUS Health.
- 200 million USD – Investment by GTCR in TELUS Health’s acquisition of Workplace Options.
- 100 million USD – Value of the debt deducted from the acquisition price in the transaction.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| TELUS Health | Acquirer | Company | A leading provider of digital health and wellness solutions, aiming to transform global wellness service delivery through acquisitions and strategic partnerships. |
| Workplace Options | Target | Company | A leading provider of integrated wellness solutions for employees, operating in over 200 countries and territories. |
| GTCR | Investor | Company | A private equity firm with extensive expertise in healthcare investment, supporting TELUS Health's acquisition with strategic investment. |
| Darren Entwistle | CEO | Person | President and CEO of TELUS, leading the company's strategic vision in expanding its global wellness solutions. |
| Navin Arora | Executive Vice President | Person | Vice President of TELUS and President of TELUS Business Solutions, facilitating growth in wellness and health services. |
| Alan King | CEO | Person | CEO of Workplace Options, overseeing the company's integration into TELUS Health's global operations. |
| Dean Mihas | Co-CEO and Managing Director | Person | Co-CEO and Managing Director of GTCR, responsible for guiding strategic investments in the healthcare sector. |