The revenue flowed in during the same quarter that Telus announced it will buy LifeWorks Inc., an HR firm formerly known as Morneau Shepell.
LifeWorks helps companies with employee and family assistance plans, absence management, pension and benefits administration and retirement planning. The company was valued at $2.9 billion including debt and was meant to help Telus push further into employee wellness and health care services. Telus Health offers virtual care and provides patients access to digital pharmacy options, home health monitoring and electronic health records.
The telecommunications giants along with counterpart BCE Inc. have now been tasked with developing a backup plan to mitigate the impact of future outages and other emergency situations.
Source: Tech Daily Report (techdailyreport.net)
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