Telus Corporation has purchased LifeWorks,

The $2.2 billion transaction advances LifeWorks and Telus Health’s plans to create a leader in employee wellness.

Stephen Liptrap, CEO of LifeWorks, stated, “The combination of Telus Health and LifeWorks represents an unmatched opportunity to create a leader in employer-focused primary and preventative digital healthcare and wellness solutions on a global basis. Together, we will accelerate our shared vision of empowering individuals to live their healthiest lives by unifying the continuum of care through digital-first innovations.”

BMO Capital Markets and Goldman Sachs acted as financial advisors, and Osler, Hoskin & Harcourt LLP served as legal counsel to LifeWorks.

CIBC World Markets is acting as financial advisor to Telus. Stikeman Elliott LLP is acting as legal counsel to Telus, and Clifford Chance LLP is advising on foreign legal matters.