TELUS Health has acquired Workplace Options for approximately $500 million, with support from GTCR's $200 million investment, aiming to enhance its global wellbeing service offerings.

Target Information

TELUS Health, a major player in the digital health and wellbeing services sector, has announced its acquisition of Workplace Options, a prominent provider of integrated employee wellbeing solutions. The transaction is valued at approximately $500 million, with cash considerations amounting to $350 million and an assumed debt of around $100 million. Workplace Options operates in over 200 countries and territories, reinforcing TELUS Health’s position as a global leader in health and wellbeing services, currently supporting more than 150 million lives.

This acquisition aims to enhance TELUS Health’s capabilities in Employee and Family Assistance Programmes (EFAP) and Wellbeing Solutions, thereby creating a more comprehensive suite of services for clients worldwide. TELUS Health is committed to its mission of empowering individuals to lead healthier lives through innovative digital solutions.

Industry Overview

The global health and wellbeing industry is rapidly evolving, driven by increased awareness of mental health and a growing demand for employee support programs. In recent years, organizations in Canada have amp