Latest news with #WorkplaceOptions
Yahoo
15-05-2025
- Business
- Yahoo
TELUS' Workplace Options Buyout to Boost its Share in Digital Health
In a major move to strengthen its position in the global health and well-being sector, TELUS Corporation TU has partnered with GTCR, a prominent private equity firm with deep expertise in healthcare, to support TELUS Health's acquisition of Workplace Options. This acquisition, valued at approximately C$500 million ($350 million) in cash, excluding about C$100 million ($70 million) in assumed debt, marks a pivotal step in TELUS Health's journey to become a global leader in digital-first wellness solutions. Workplace Options, a well-established provider of integrated employee wellbeing services, operates in more than 200 countries and territories, and has a strong portfolio of innovative and scalable offerings. TELUS Corporation price-consensus-chart | TELUS Corporation Quote The deal significantly boosts TELUS Health's international footprint and capabilities, enabling the company to serve more than 150 million lives worldwide. With a growing demand for holistic, technology-driven health solutions, TELUS Health is uniquely positioned to meet the evolving needs of individuals and organizations across various industries and regions. This acquisition not only enhances TELUS Health's service capacity but also reinforces its commitment to empowering individuals to live healthier lives through comprehensive, accessible digital health and wellbeing solutions. With the backing of GTCR and the integration of Workplace Options' global network, TELUS Health is set to redefine the standard of care in the global employee wellbeing market. As part of the Workplace Options acquisition, GTCR will invest $200 million, leveraging its deep industry expertise and history of successful corporate transaction brings significant benefits to TELUS Health, firmly establishing it as a global leader in employer health and well-being services. With a network of over 180,000 providers across more than 200 countries and territories, the company now has unmatched global reach. The deal also enables TELUS Health to deliver a standardized and scalable model for Employee and Family Assistance Programs (EFAP) and well-being solutions, supported by its industry-leading customer service and expansive global presence. By integrating TELUS' robust infrastructure and network capabilities with Workplace Options' advanced digital solutions and TELUS Digital's AI expertise, the company gains a powerful competitive edge in the international market. Momentum in Health Services bodes well. In the first quarter of 2025, TELUS Health's operating revenues and other income revenues increased 12% year over year to C$473 million, driven by strong health services revenues. TELUS has also acquired LifeWorks to expand its presence in the digital health services market, and Competence Call Center to broaden its portfolio of customer experience, digital transformation and other services. With the LifeWorks acquisition, TELUS is looking at enhancing TELUS Health product offerings to international clients through synergies with TELUS International. TELUS Health's adjusted EBITDA grew 30% year over year in the first quarter, driven by revenue growth, cost reductions and acquisition synergies. TELUS currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 5.9% in the past year compared with the Zacks Diversified Communication Services industry's decline of 7.1%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Image Source: Zacks Investment Research Some better-ranked stocks from the broader utilities space are Fortis Inc. FTS, Atmos Energy Corporation ATO and Exelon Corporation EXC. FTS carries a Zacks Rank #1 (Strong Buy), while ATO and EXC carry a Zacks Rank #2 (Buy). Fortis' earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 3.58%. In the last reported quarter, FTS delivered an earnings surprise of 1.45%. The company's long-term earnings growth rate is 5%. Its shares have gained 13.9% in the past year. Atmos Energy's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 2.59%. In the last reported quarter, ATO delivered an earnings surprise of 3.77%. The company's long-term earnings growth rate is 7.2%. Its shares have gained 28.4% in the past year. Exelon Corporation's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 10.05%. In the last reported quarter, EXC delivered an earnings surprise of 8.24%. EXC's long-term earnings growth rate is 6.4%. Its shares have increased 9.4% in the past year. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelon Corporation (EXC) : Free Stock Analysis Report TELUS Corporation (TU) : Free Stock Analysis Report Atmos Energy Corporation (ATO) : Free Stock Analysis Report Fortis (FTS) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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
Globe and Mail
15-05-2025
- Business
- Globe and Mail
TELUS' Workplace Options Buyout to Boost its Share in Digital Health
In a major move to strengthen its position in the global health and well-being sector, TELUS Corporation TU has partnered with GTCR, a prominent private equity firm with deep expertise in healthcare, to support TELUS Health's acquisition of Workplace Options. This acquisition, valued at approximately C$500 million ($350 million) in cash, excluding about C$100 million ($70 million) in assumed debt, marks a pivotal step in TELUS Health's journey to become a global leader in digital-first wellness solutions. Workplace Options, a well-established provider of integrated employee wellbeing services, operates in more than 200 countries and territories, and has a strong portfolio of innovative and scalable offerings. What Does This Acquisition Offer? The deal significantly boosts TELUS Health's international footprint and capabilities, enabling the company to serve more than 150 million lives worldwide. With a growing demand for holistic, technology-driven health solutions, TELUS Health is uniquely positioned to meet the evolving needs of individuals and organizations across various industries and regions. This acquisition not only enhances TELUS Health's service capacity but also reinforces its commitment to empowering individuals to live healthier lives through comprehensive, accessible digital health and wellbeing solutions. With the backing of GTCR and the integration of Workplace Options' global network, TELUS Health is set to redefine the standard of care in the global employee wellbeing market. As part of the Workplace Options acquisition, GTCR will invest $200 million, leveraging its deep industry expertise and history of successful corporate collaborations. The transaction brings significant benefits to TELUS Health, firmly establishing it as a global leader in employer health and well-being services. With a network of over 180,000 providers across more than 200 countries and territories, the company now has unmatched global reach. The deal also enables TELUS Health to deliver a standardized and scalable model for Employee and Family Assistance Programs (EFAP) and well-being solutions, supported by its industry-leading customer service and expansive global presence. By integrating TELUS' robust infrastructure and network capabilities with Workplace Options' advanced digital solutions and TELUS Digital's AI expertise, the company gains a powerful competitive edge in the international market. Momentum in Health Services bodes well. In the first quarter of 2025, TELUS Health's operating revenues and other income revenues increased 12% year over year to C$473 million, driven by strong health services revenues. TELUS has also acquired LifeWorks to expand its presence in the digital health services market, and Competence Call Center to broaden its portfolio of customer experience, digital transformation and other services. With the LifeWorks acquisition, TELUS is looking at enhancing TELUS Health product offerings to international clients through synergies with TELUS International. TELUS Health's adjusted EBITDA grew 30% year over year in the first quarter, driven by revenue growth, cost reductions and acquisition synergies. TU's Zacks Rank & Stock Price Performance TELUS currently carries a Zacks Rank #3 (Hold). Shares of the company have lost 5.9% in the past year compared with the Zacks Diversified Communication Services industry 's decline of 7.1%. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Stocks to Consider From the Utilities Space Some better-ranked stocks from the broader utilities space are Fortis Inc. FTS, Atmos Energy Corporation ATO and Exelon Corporation EXC. FTS carries a Zacks Rank #1 (Strong Buy), while ATO and EXC carry a Zacks Rank #2 (Buy). Fortis' earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 3.58%. In the last reported quarter, FTS delivered an earnings surprise of 1.45%. The company's long-term earnings growth rate is 5%. Its shares have gained 13.9% in the past year. Atmos Energy's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 2.59%. In the last reported quarter, ATO delivered an earnings surprise of 3.77%. The company's long-term earnings growth rate is 7.2%. Its shares have gained 28.4% in the past year. Exelon Corporation's earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, with the average surprise being 10.05%. In the last reported quarter, EXC delivered an earnings surprise of 8.24%. EXC's long-term earnings growth rate is 6.4%. Its shares have increased 9.4% in the past year. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor. Today, See These 5 Potential Home Runs >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exelon Corporation (EXC): Free Stock Analysis Report TELUS Corporation (TU): Free Stock Analysis Report Atmos Energy Corporation (ATO): Free Stock Analysis Report Fortis (FTS): Free Stock Analysis Report
Cision Canada
14-05-2025
- Business
- Cision Canada
TELUS Health acquires Workplace Options, top provider of wellbeing services to Fortune 500 companies
TELUS Health combines digital-first innovation with Workplace Options' Employee and Family Assistance Program to transform employee wellbeing solutions GTCR to invest US$200 million as part of the acquisition, bringing strategic healthcare industry expertise to accelerate TELUS Health's global growth and innovation VANCOUVER, BC and TORONTO, May 14, 2025 /CNW/ - TELUS Corporation ("TELUS") (TSX: T) (NYSE: TU) today announced a strategic partnership with GTCR, a leading private equity investor with extensive expertise across the healthcare landscape, supporting TELUS Health's recently announced acquisition of Workplace Options. Last week, TELUS Health announced the acquisition of Workplace Options for cash of approximately $500 million (US$350 million), net of assumed debt of approximately $100 million (US$70 million). Workplace Options, a leading global provider of integrated employee wellbeing solutions across 200 countries and territories, further solidifies TELUS Health as an unparalleled force in the global wellbeing solutions market. Today, TELUS Health is one of the largest companies providing digital-first health and wellbeing services and solutions globally to empower individuals to live their healthiest lives. TELUS Health is now positioned to support clients across all channels and global verticals covering more than 150 million lives and growing. "Today marks a transformative milestone in our global health technology journey," said Darren Entwistle, President and CEO of TELUS. "By uniting TELUS Health and Workplace Options, we are creating an unprecedented breadth of experience and expertise that will drive global consistency in Employee and Family Assistance Programs (EFAP) and Wellbeing Solutions in a way that is unmatched in our industry. This acquisition furthers TELUS Health's practice of partnering with providers, digital health organizations, health plans and employers to create a more robust and localized offering executed at a global scale. This powerful combination, underpinned by TELUS' extensive AI expertise, ability to draw on common technologies, trends and advancements will unlock high-quality health outcomes for all constituents in a way previously unrealized. With more than 40-years of investment experience within the healthcare vertical, we look forward to GTCR's investment on this acquisition, who will be a value-added partner, supporting our efforts to accelerate growth." "This is more than an acquisition, it's an extension of our vision to build one of the most comprehensive suites of health and wellbeing solutions globally," said Navin Arora, Executive Vice-president, TELUS and President, TELUS Business Solutions, TELUS Health, TELUS Agriculture & Consumer Goods, and TELUS Partner Solutions. "With our differentiated and complementary products and services and a strong base of local and multinational clients worldwide, we're excited about unlocking significant growth opportunities, new revenue streams and powerful economies of scale." Benefits of the transaction: Establishes a global network of more than 180,000 providers across more than 200 countries and territories, positioning TELUS Health as a leader in the global employer health and wellbeing space. Delivers a standardized model for providing customers with robust EFAP and wellbeing services, backed by industry-leading customer experience support, global scale and reach. Brings together TELUS' robust infrastructure and leading networks with Workplace Options' strong digital capabilities, as well as TELUS Digital's AI expertise, providing TELUS Health with a unique competitive advantage in the global market. "By joining forces with TELUS Health, we are aligning with an organization that shares our deep commitment to innovation in EFAP solutions and our focus on delivering exceptional value to the reseller community," said Alan King, CEO, Workplace Options. "This acquisition by TELUS Health marks an exciting new chapter, uniting us in our mission to scaling what matters most: care, connection and trust in the workplace. TELUS Health's leading digital innovation will enable us to deliver unparalleled wellbeing services, ultimately transforming the health and productivity landscape." GTCR brings over four decades of healthcare investment expertise to this strategic collaboration, having executed more than 65 platform healthcare investments and 250 healthcare transactions. GTCR will invest US$200 million as part of this acquisition, leveraging their deep industry knowledge and proven track record of successful corporate partnerships. GTCR is positioned as a strategic ally in support of TELUS Health's continued growth ambitions, while their participation in the Workplace Options transaction establishes the foundation for a long-term, value-generating partnership. "We are thrilled to partner with TELUS Health to support its continued growth by leveraging both our deep expertise in the healthcare sector and ability to structure a bespoke transaction to meet the needs of our partner," said Dean Mihas, Co-CEO and Managing Director, GTCR. "Providing flexible capital solutions to outstanding management teams, coupled with a partnership approach to helping drive value creation through industry insights and experience, is core to GTCR's approach to delivering value to our portfolio companies, investors and other stakeholders." About TELUS Health TELUS 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: For media inquiries, please contact: Marielle Hossack TELUS Health [email protected] Investor Relations, please contact: Ian McMillan SOURCE TELUS Health
Associated Press
05-03-2025
- Business
- Associated Press
Workplace Options Launches Workshop Series for C-Suite Leaders – Managing Risk and Maintaining Resilience in Today's Volatile Environment
RALEIGH, N.C., March 05, 2025 (GLOBE NEWSWIRE) -- With shifting political and social dynamics, C-suite leaders and Board members are feeling the pressure to balance compliance, stakeholder expectations, and business continuity—without losing sight of their commitment to fostering an inclusive culture. To guide leaders through these challenges, Workplace Options launched an exclusive Executive Workshop: Risk, Reputation, and Resilience: Navigating Today's Volatile Environment designed to provide clarity, strategy, and confidence in decision-making. 'Our client companies are asking us for clear guidance, because leaders want to do the right thing for their employees and also ensure they are working within the changing legal situation,' said Donald Thompson, CEO of The Diversity Movement, a Workplace Options Company. This high-impact, 60–90-minute confidential session—hosted by Thompson and executive leaders from The Diversity Movement—offers senior leadership a sounding board and action plan for navigating changes in today's environment, including diversity, equity and inclusion (DEI). The session is designed to help leaders: Assess risk tolerance as a leadership team and unite for a collective approach. Identify risk mitigation strategies that uphold both legal compliance and employee engagement. Create a psychologically safe space to voice concerns, ask tough questions, and refine their DEI strategy. Develop a forward-thinking action plan with immediate steps and a long-term vision. 'Leaders don't need more noise—they need a trusted, safe space to make informed decisions that align with their values and business goals,' said Thompson. 'This workshop provides the strategic insight executives need to lead with confidence in uncertain times.' A Critical Need for Strategic DEI Guidance As legislative shifts and political pressures create uncertainty, leaders in healthcare, manufacturing, financial services, and industry associations are urgently seeking expert, unbiased guidance. Without a well-calibrated approach, short-term decisions could lead to long-term reputational damage, disengaged employees, and weakened customer trust. The Workplace Options 's Executive Workshop: Risk, Reputation, and Resilience: Navigating Today's Volatile Environment is a real-world, executive-level playbook for organizations navigating DEI complexities while staying true to their vision and values. Flexible Engagement Options Following the Executive Workshop, organizations can opt for additional strategic support, including: Confidential advisory sessions tailored to their organization's unique challenges. Leadership workshops to align leadership teams on DEI strategies. Ongoing risk assessments to stay ahead of legal and cultural shifts. About Workplace Options: Founded in 1982, Workplace Options (WPO) is the largest independent provider of holistic well-being 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. Trusted by 50 percent of Fortune 500 companies, 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.
