Telus to Buy Digital-Health Firm LifeWorks for $1.8 Billion (3)

Canadian telecommunications company Telus Corp. said it will acquire digital-health provider LifeWorks Inc. for about C$2.3 billion ($1.8 billion), expanding further into health services as it pursues a diversification strategy.

Telus will pay C$33 for each LifeWorks share and is offering the option to take cash or stock or a mix of the two. It’s about an 80% premium to where LifeWorks closed in Toronto on Wednesday.

Telus was down 3.1% to C$28.45, the lowest since November. LifeWorks rose 68.4% to C$30.65 as of 9:55 a.m. in Toronto.

Telus to Buy LifeWorks in C$2.9B Transaction: M&A Snapshot

Digital and telehealth ...