Latest news with #WPO
Yahoo
14-05-2025
- Business
- Yahoo
WindRose Health Investors Completes the Sale of Workplace Options to TELUS Health
NEW YORK, May 14, 2025 /PRNewswire/ -- WindRose Health Investors, LLC ("WindRose"), the New York-based healthcare private equity firm, announced that it has completed the sale of Workplace Options, LLC ("WPO" or the "Company") to TELUS Health, a business within TELUS Corporation, a leading global communications, data and technology company, in a transaction valued at approximately $425 million. WPO is a leading global provider of integrated employee wellbeing solutions, supporting more than 88 million people across 127,000 organizations in more than 200 countries and territories. WindRose completed a majority recapitalization of WPO in October 2021. "We are proud to have partnered with the WPO management team to support their global growth and platform development," said David Pontius, Partner at WindRose. "Over the past few years, the Company strengthened its global presence and deepened its capabilities as a trusted provider to employers and employees worldwide. We're excited to see how the combination with TELUS Health will further accelerate WPO's impact on global employee wellbeing." The Company delivers a highly differentiated suite of comprehensive health and wellbeing services through a combination of digital innovation, a global provider network, and a high-touch service model. WPO's scale, reach, and reputation for service excellence have established it as a trusted partner to both resellers and multinational employers. "WindRose has been a valued partner to WPO, and we are grateful for their commitment as we expanded our reach and invested in our technology, infrastructure, and service delivery," said Alan King, President and CEO of WPO. "We look forward to this next chapter with TELUS Health as we unite in our shared mission of scaling care, connection, and innovation in workplace wellbeing." McDermott Will & Emery acted as legal advisor to WindRose, and Houlihan Lokey acted as financial advisor. About Workplace OptionsWorkplace Options is a leading global provider of integrated employee wellbeing solutions. Through customized programs, and a comprehensive global network of credentialed providers and professionals, WPO supports individuals to become healthier, happier, and more productive both personally and professionally. WPO delivers high-quality care digitally and in-person to more than 88 million people across 127,000 organizations in more than 200 countries and territories. For more information, please visit About WindRose Health InvestorsWindRose makes equity investments in companies that operate within the services sectors of the healthcare industry. The firm focuses on companies with profitable business models and a demonstrated ability to deliver cost-effective solutions. WindRose manages over $3.6 billion. WindRose is based in New York City and invests in companies throughout the United States. For more information, please email us at info@ Contact:Lambert by LLYCCaroline Luzcluz@ View original content: SOURCE WindRose Health Investors Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-05-2025
- Business
- Yahoo
GTCR Announces US$200 Million Preferred Equity Investment to Support Acquisition of Workplace Options by TELUS Health
Acquisition of Workplace Options to Enhance TELUS Health's Global Reach and Technology Platform for Employee Assistance Programs CHICAGO, May 14, 2025 /PRNewswire/ -- GTCR, a leading private equity firm, announced today that it has simultaneously signed and closed a definitive agreement to provide a strategic, structured minority investment to support TELUS Health's recently announced acquisition of Workplace Options (WPO). TELUS Health is a leading global provider of payor technology, pharmacy management technology, electronic medical records and supplemental benefits for providers, payors, employers and enterprise customers. TELUS Health's portfolio of products and services enables customers globally to integrate technology to improve healthcare delivery and patient outcomes across the healthcare ecosystem. In 2024, TELUS Health generated revenue of CAD $1.8 billion. The preferred equity investment is associated with the acquisition of WPO, which is highly complementary to TELUS Health's current offering, expanding the Company's geographic reach, adding to its breadth of service offerings and investing in additional technology platforms. TELUS Health's acquisition of WPO reinforces the company's thesis in building a scaled, global provider of health and wellbeing products and services that improves health outcomes. The acquisition allows TELUS Health to expand its service offerings to existing customers, extend its geographic reach and strengthen its current technology platform. TELUS Health expects to realize commercial synergies through cross-selling channels and improved go-to-market strategies. The investment aligns well with GTCR's strong track record investing across healthcare, corporate partnerships and structured minority investments. We view this transaction as an excellent opportunity for TELUS Health to leverage our historical expertise with a new value-add partner in support of their mission to grow and scale globally in the employer-funded healthcare space. "We are thrilled to partner with TELUS Health in its acquisition of WPO to support its continued growth in the healthcare sector, where we have deep domain expertise," said Dean Mihas, GTCR co-CEO and Managing Director. "TELUS Health's innovative approach to healthcare technology and its commitment to improving patient outcomes aligns very well with GTCR's investment philosophy." "We are pleased to structure a bespoke transaction to meet the needs of our partner," said Jason Prager, Managing Director. "Providing flexible preferred equity and debt capital solutions to outstanding management teams, coupled with strategic partnership and insights to drive value creation, is core to GTCR's approach to delivering value to our portfolio companies, investors and other stakeholders." About TELUS HealthTELUS Health is on a mission to become the most trusted wellbeing company in the world by enhancing the overall efficiency of healthcare and championing workplace wellbeing. By integrating advanced healthcare technology with comprehensive employee support services, TELUS Health provides a holistic approach to primary and preventive health and wellbeing, enhancing more than 150 million lives across more than 200 countries and territories. Our innovative digital health platforms, including electronic medical records (EMRs) and virtual care solutions, empower healthcare professionals, employers and governments to deliver personalized care efficiently. Our employee wellbeing programs empower individuals by offering extensive support through Employee and Family Assistance Programs (EFAPs), mental health resources, financial counselling and workplace wellness initiatives. At TELUS Health, we are committed to revolutionizing healthcare to ensure people receive the support they need and employees thrive both personally and professionally. Together, let's make the future friendly. For more information please visit: About GTCRFounded in 1980, GTCR is a leading private equity firm that invests behind The Leaders Strategy™ – finding and partnering with management leaders in core domains to identify, acquire and build market-leading companies through organic growth and strategic acquisitions. GTCR is focused on investing in transformative growth in companies in the Business & Consumer Services, Financial Services & Technology, Healthcare and Technology, Media & Telecommunications sectors. Since its inception, GTCR has invested more than $30 billion in over 280 companies, and the firm currently manages $45 billion in equity capital. GTCR is based in Chicago with offices in New York and West Palm Beach. For more information, please visit Follow us on LinkedIn. GTCR Media Contact:Josh Clarkson / Ryan Smith212-279-3115pro-GTCR@ TELUS Health Media Contact:Marielle View original content to download multimedia: SOURCE GTCR
Hindustan Times
03-05-2025
- Politics
- Hindustan Times
Kataria, Dattatraya offer prayers for Pahalgam attack victims in Chandigarh
Punjab governor Gulab Chand Kataria and Haryana governor Bandaru Dattatraya offered prayers for the victims of the recent Pahalgam attack during a gurbani kirtan held at Gurdwara Sahib, Sector 8, on Friday. The governors expressed solidarity with the victims and their families. The prayer meet was organised by the World Punjabi Organisation (WPO) under the leadership of Vikramjit Singh Sahney, member of Parliament, Rajya Sabha, and international president, WPO; and Karan Gilhotra, vice-president, WPO Chandigarh. The ceremony was dedicated to praying for peace, national unity, and the strength of the country. Kataria stated, 'This is not just an attack on the people of India but on the very spirit of humanity. Terrorism is a manifestation of hatred that only leads to destruction and sorrow. This tragedy is a grim reminder of the devastating cost of terrorism.' Sahney said, 'This despicable terrorist act must not go unpunished. The perpetrators must be identified and subjected to the severest of penalties to ensure that no one dares to repeat such a barbaric crime against humanity. The kirtan and ardaas symbolise our shared grief and our collective hope. Through prayer, we seek solace for the bereaved families and renew our commitment to peace and unity in the society.' Dattatraya condemned the attack, calling it a shameful and inhuman act against innocent civilians. He expressed sorrow over the loss of lives and extended condolences to the bereaved families, stating that the pain and grief of the victims is shared by the entire nation.
