M&A Deal Summary

TELUS Health Acquires Symbility Health Business

On May 8, 2018, TELUS Health acquired information technology company Symbility Health Business from Symbility Solutions for 17M CAD

Acquisition Highlights
  • This is TELUS Health’s 1st transaction in the Information Technology sector.
  • This is TELUS Health’s 0th largest (disclosed) transaction.
  • This is TELUS Health’s 1st transaction in Canada.
  • This is TELUS Health’s 1st transaction in Ontario.

M&A Deal Summary

Date 2018-05-08
Target Symbility Health Business
Sector Information Technology
Buyer(s) TELUS Health
Sellers(s) Symbility Solutions
Deal Type Divestiture
Deal Value 17M CAD

Target

Symbility Health Business

Toronto, Ontario, Canada
Symbility Health Business is a provider of health technology services.

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Buyer(S) 1

Buyer

TELUS Health

Montreal, Quebec, Canada

Category Company
Sector Information Technology
DESCRIPTION

TELUS Health is a provider in telehomecare, electronic medical and health records, consumer health, benefits management and pharmacy management. TELUS Health is based in Montreal, Quebec.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1

Seller(S) 1

SELLER

Symbility Solutions

Toronto, Ontario, Canada

Category Company
Founded 2004
Sector Internet Software and Services
Employees174
Revenue 16M CAD (2012)
DESCRIPTION

Symbility Solutions, Inc. is a provider of subscription and cloud-based property insurance claims workflow solutions for the Property & Casualty insurance industry. Symbility also provides an extensive array of innovative enterprise mobile and application software solutions. The company is headquartered in Toronto, Canada and operates in the U.S., Canada, the United Kingdom, Germany, Netherlands, Australia and New Zealand.


DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Ontario) 1 of 1
Country (Canada) 1 of 1
Year (2018) 1 of 1