Sun Life Financial Acquires Dialogue Health Technologies

July 26, 2023

Sun Life Financial Inc. has entered into an agreement to acquire Dialogue Health Technologies Inc. for C$5.15 per share, representing approximately C$365 million in total equity value. Dialogue will continue to operate as a standalone, Montreal-based virtual care platform with Dialogue management retaining a minority stake; the acquisition expands Sun Life's digital health capabilities for its group benefits and client offerings.

Buyers
Sun Life Financial Inc.
Targets
Dialogue Health Technologies Inc.
Sellers
Portag3 Ventures LP, Portag3 Ventures II Investments LP, WSC IV LP, Certain members of Dialogue executive management and other Dialogue shareholders
Location
Quebec, Canada
Transaction Type
Buyout

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