Combining digital-first innovation with Workplace Options’ Employee and Family Assistance Program, TELUS Health is transforming employee wellbeing solutions.
Investing US$200 million, GTCR brings strategic healthcare sector knowledge to speed TELUS Health’s worldwide expansion and innovation.
Vancou, BC and TORONTO, May 14, 2025 /PRNews/ Supporting TELUS Health’s recently announced acquisition of Workplace Options, TELUS Corporation (“T”) (TSX: T) (NYSE: T) today announced a strategic alliance with GTCR, a top private equity investor with vast knowledge in the healthcare environment. TELUS Health announced this week the purchase of Workplace Options for cash of almost $500 million (US$350 million), net of expected debt of almost $100 million (US$70 million). Leading worldwide provider of integrated employee wellness solutions across 200 countries and territories, Workplace Options confirms TELUS Health as an unmatched power in the worldwide market of wellbeing solutions. Now among the biggest firms offering digital-first health and wellness solutions and services worldwide to enable people to lead their best lives is TELUS Health. Now positioned to assist customers worldwide and across all channels serving over 150 million lives and expanding is TELUS Health.
TELUS Health
“Today marks a turning point in our global health technology path,” TELUS President and CEO Darren Entwistle stated. “We are generating hitherto unheard-of depth of experience and expertise by combining TELUS Health and Workplace Options, which will promote worldwide uniformity in Employee and Family Assistance Programs (EFAP) and Wellbeing Solutions in a manner unparalleled in our field. This acquisition advances TELUS Health’s approach of collaborating with clinicians, digital health companies, health plans and businesses to produce a more strong and localized global offering. Underlying TELUS’s great AI knowledge, capacity to use shared technologies, trends and innovations will enable high-quality health outcomes for every constituency in a level hitherto unachievable. Having more than 40 years of investing experience in the healthcare vertical, we eagerly await GTCR’s participation on this purchase, who will be a value-added partner helping us to hasten development.”
“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, TELUS Partner Solutions. “We’re excited about unlocking significant growth opportunities, new revenue streams and strong economies of scale using our unique and complimentary products and services and strong base of local and multinational clients worldwide.”
The transaction has advantages.
positions TELUS Health as a leader in the worldwide employer health and wellness arena by building a global network of more than 180,000 providers spread over more than 200 countries and territories.
Supported by industry-leading customer experience support, worldwide scale and reach, delivers a consistent methodology for giving consumers strong EFAP and wellness offerings.
Combining TELUS Digital’s AI knowledge with TELUS’s robust infrastructure and leading networks with Workplace Options’ great digital capabilities gives TELUS Health a unique competitive advantage in the worldwide market.
“By working with TELUS Health, we are aligning with an organization that shares our great commitment to innovation in EFAP solutions and our focus on delivering exceptional value to the reseller community,” stated Alan King, CEO, Workplace Options. “This purchase by TELUS Health represents an exciting new chapter unifying us in our mission to scale what matters most: care, connection and trust in the workplace. Leading digital innovation from TELUS Health will help us to provide unmatched wellness services, therefore changing the scene of health and productivity.”
Having completed more than 65 platform healthcare investments and 250 healthcare transactions, GTCR offers almost four decades of healthcare investing knowledge to this strategic partnership. Leveraging their extensive business knowledge and proven track record of successful corporate partnerships, GTCR will spend US$200 million in part of this transaction. While their involvement in the Workplace Options deal creates the basis for a long-term, value-generating relationship, GTCR is positioned as a strategic ally in support of TELUS Health’s ongoing expansion objectives.
Dean Mihas, Co-CEO and Managing Director, GTCR, said “We are delighted to partner with TELUS Health to support its continuous 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”. “Core to GTCR’s approach to delivering value to our portfolio companies, investors and other stakeholders is providing flexible capital solutions to outstanding management teams, coupled with a partnership approach to help drive value creation through industry insights and experience.”
Regarding TELU Health
Through improving the general effectiveness of healthcare and supporting workplace wellbeing, TELUS Health aims to become the most trusted wellbeing company in the world. TELUS Health offers a complete approach to primary and preventive health and wellbeing impacting more than 150 million lives over more than 200 nations and territories by combining modern healthcare technologies with thorough employee support services. Our creative digital health solutions—which include virtual care solutions and electronic medical records (EMRs)—empower governments, businesses, and healthcare providers to provide individualized, effective treatment. By means of Employee and Family Assistance Programs (EFAPs), mental health services, financial counseling and workplace wellness projects, our employee wellbeing programs empower individuals. At TELUS Health, we are dedicated to transform healthcare such that staff flourish both personally and professionally and that individuals get the assistance they require. Let us together create a friendly future. For further information, go to www.telushealth.com.
Please contact Marielle Hossack TELUS Health marielle.hossack@telus.com for media inquiries.
Investor Relations; kindly refer to Ian McMillan IR@telus.com.
Source Teltus Health; TELUS Communications Inc.
