TELUS Acquires LifeWorks Inc.

June 16, 2022

TELUS Corporation agreed to acquire all outstanding common shares of LifeWorks Inc. in a transaction valued at approximately C$2.9 billion including net debt. The deal (court-approved plan of arrangement) offers LifeWorks shareholders cash, share, or combination consideration and is intended to create a global leader in employer-focused digital and in-person health, wellbeing and mental-health services by combining TELUS Health and LifeWorks.

Buyers
TELUS Corporation
Targets
LifeWorks Inc.
Sellers
LifeWorks shareholders
Location
Ontario, Canada
Transaction Type
Buyout

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