GTCR Announces $200M Investment to Support TELUS Health's Acquisition

Whats Happening:

GTCR, a leading private equity fund, has announced a $200 million preferred equity investment to support TELUS Health's acquisition of Workplace Options (WPO). This strategic investment aims to enhance TELUS Health's global reach and technology platform for employee assistance programs. The acquisition is expected to expand TELUS Health's service offerings, extend its geographic reach, and strengthen its current technology platform.

Key Moves:

• GTCR provides $200 million preferred equity investment to TELUS Health

• TELUS Health acquires Workplace Options to expand global reach

• Acquisition aims to enhance TELUS Health's technology platform and service offerings

By The Numbers:

• TELUS Health generated revenue of CAD $1.8 billion in 2024

• GTCR has invested more than $30 billion in over 280 companies since inception

• GTCR currently manages $45 billion in equity capital

Key Quotes:

• "We are thrilled to partner with TELUS Health in its acquisition of WPO to support its continued growth in the healthcare sector, where we have deep domain expertise," said Dean Mihas, GTCR co-CEO and Managing Director.

• "We are pleased to structure a bespoke transaction to meet the needs of our partner," said Jason Prager, Managing Director.

Bottom Line:

GTCR's $200 million preferred equity investment in TELUS Health's acquisition of Workplace Options demonstrates the fund's commitment to strategic partnerships in the healthcare sector. This transaction aligns with GTCR's expertise in healthcare investments and structured minority investments, potentially leading to significant growth and value creation in the employer-funded healthcare space.

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