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Sprout Wellness Solutions acquired by TELUS Health

On March 29, 2022, TELUS Health announced the acquisition of Sprout Wellness Solutions, a Toronto-based digital health and wellness company. Founded in 2012, Sprout offers a platform that leverages machine learning and cognitive behavioural science to promote healthy behaviours among users. The acquisition aims to enhance TELUS Health's virtual care offerings, integrating Sprout's solutions into its suite of services for Canadian employers. TELUS had been an investor in Sprout since 2015, recognizing its impact on promoting proactive health and wellness. The financial terms of the deal were not disclosed.

Company

TELUS Health

Law Firm / Organization
TELUS
Lawyer(s)

Andrea Wood

Company

Sprout Wellness Solutions

Law Firm / Organization
Farris LLP
Merger & Acquisition
Tech/Computer/IT
Undisclosed/Confidential
Closed
29 March 2022