TELUS Health Acquires Workplace Options in C$500M Strategic Expansion
On May 15, 2025, TELUS Health finalized its acquisition of Workplace Options for approximately C$500 million (US$350M) in cash, net of around C$100 million (US$70M) in assumed debt. The strategic partnership with private equity firm GTCR, which brings over four decades of healthcare investment experience, supports this significant expansion with an additional US$200 million investment. The acquisition dramatically extends TELUS Health's global reach, positioning the company as one of the largest providers of digital-first health and wellbeing services worldwide.
Workplace Options is a leading provider of integrated employee wellbeing solutions across 200 countries and territories.
TELUS Health is one of the largest companies providing digital-first health and wellbeing services and solutions globally.
McCarthy advised TELUS Health on Canadian matters with a team led by Sven Milelli that included James Lin (M&A), John Gilmore, Caroline-Ariane Bernier, Andrew Weizman, Naomi Barandereka (Labour & Employment) and Julia Miller (Pensions, Benefits & Executive Compensation).
