February 23, 2024

TELUS completes C$2.3 billion acquisition of LifeWorks

TELUS Company has in the present day introduced the completion of the beforehand disclosed acquisition by the use of a plan of association of LifeWorks Inc. a world chief in offering digital and in-person options that help the whole wellbeing of people – psychological, bodily, monetary and social, solidifying TELUS Well being as one of many largest corporations offering digital-first well being and wellness companies and options that empower people to dwell their healthiest lives.

TELUS Well being is now positioned to help company purchasers throughout greater than 160 nations and protecting greater than 50 million lives and rising worldwide.

“At this time marks one other thrilling step in our TELUS Well being journey, as we welcome the proficient LifeWorks crew, and the 36 million workers and members of the family of our enterprise clients who they help, into our TELUS Well being household,” stated Darren Entwistle, President and CEO of TELUS.

“As one of many largest well being know-how corporations globally, our newly expanded TELUS Well being organisation will present employers throughout the globe with world-leading digital well being and wellness options for his or her workers which are handy, modern and extremely efficient.

Certainly, by the ability of our mixed 10,000 crew members and 30,000 impartial well being practitioners, and leveraging the mix of TELUS’ sturdy digital and knowledge analytics capabilities with our consumer service excellence, we are going to dramatically enhance remedial, preventative and psychological well being outcomes.

In flip, this can help the well-being of over 50 million people and rising all over the world. Importantly, LifeWorks’ home and world operations might be bolstered by our TELUS Worldwide crew by their confirmed experience in digital transformation and consumer service excellence.

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Furthermore, now we have an vital alternative to leverage our expansive TELUS and TELUS Worldwide footprint and consumer base spanning 32 nations, in addition to the large ability of our 70,000 worldwide crew members, to amplify the distribution attain, effectiveness and effectivity of our digital well being companies on a world foundation.

I stay up for the unimaginable alternatives earlier than us to progress our purpose of leveraging our globally main know-how, together with our social purpose-driven, client-centric tradition and model, to create higher well being experiences throughout the complete well being and wellness ecosystem.”

TELUS Well being’s Chief Working Officer, Michael Dingle, will oversee the transition and lead the mixing of LifeWorks into the TELUS Well being household. Michael’s deep business experience and confirmed observe file of making crew, consumer and shareholder worth will guarantee the sleek transition of LifeWorks crew members and purchasers.

“TELUS Well being and LifeWorks will work carefully collectively to outline the technique and plan to thoughtfully combine the groups with minimal disruption to inner and exterior stakeholders,” stated Michael Dingle.

“We’re excited to come back collectively as one crew as we start this journey to boost the bar on worker well being and wellness for organizations all over the world.”

With the completion of the transaction, LifeWorks has turn into a completely owned subsidiary of TELUS, and can proceed to execute on its progress technique, amplified by TELUS Well being’s present suite of superior digital well being applied sciences.

LifeWorks brings world main digital and in-person options that help the whole wellbeing of people – psychological, bodily, monetary and social.

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Additionally a trusted chief in psychological well being and wellbeing, LifeWorks delivers a personalised continuum of care that helps purchasers enhance the lives of their folks and by doing so, improves their enterprise.

As part of the TELUS household, and by combining strengths with TELUS Well being, collectively all purchasers globally have a chance to enhance the wellbeing of their folks, enhance workforce engagement and productiveness, which in flip improves the efficiency of their organizations.

“We’re excited to be becoming a member of the TELUS Well being crew to additional advance our market-leading well being and wellness choices on a world scale to higher serve our purchasers and their folks,” stated Stephen Liptrap, President and CEO of LifeWorks.

“Combining our worldwide consumer relationships with TELUS’ confirmed experience in digital transformation and repair excellence will unlock vital cross-selling alternatives and ship worth to all stakeholders.”