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New Deal


Announced

Completed

TELUS completed the acquisition of LifeWorks for $1.7bn.

Financials

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Transaction Value£1,507m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium89%
One Off Charge-

Tags

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Majority

Canada

Single Bidder

Friendly

Acquisition

Domestic

Management Consulting

human resources services

Public

Completed

Synopsis

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TELUS, a telecommunications company, completed the acquisition of LifeWorks, a human resources services and technology company, for $1.7bn. “Today marks another exciting step in our TELUS Health journey, as we welcome the talented LifeWorks team, and the 36m employees and family members of our business customers who they support, into our TELUS Health family. I look forward to the incredible opportunities before us to progress our goal of leveraging our globally leading technology, in combination with our social purpose-driven, client-centric culture and brand, to create better health experiences across the entire health and wellness ecosystem," Darren Entwistle, TELUS President and CEO.

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