Search by
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.
Parties
Company
TELUS Health
Company
Sprout Wellness Solutions
Deal Type
Merger & AcquisitionIndustry
Tech/Computer/ITTransaction
Undisclosed/ConfidentialDeal Status
ClosedClosing Date
29 March 2022