Acquisition – Benefits Canada.com

Sun Life buying dental benefits provider, People Corporation acquiring digital wellness solution

mdunne — Wed, 06 Oct 2021 13:00:41 +0000

Sun Life is buying DentaQuest, a U.S.-based provider of dental benefits, for $3.1 billion. The company, which offers dental benefits through employers, will become part of Sun Life’s U.S. business. The insurer said the acquisition will more than double the size of its U.S. employee benefits business by revenue. DentaQuest currently has more than 33 million members in 36 […]

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Canada Life to acquire health-care management firm ClaimSecure

Jennifer Paterson — Tue, 13 Jul 2021 19:00:32 +0000

The Canada Life Assurance Co. is acquiring ClaimSecure Inc., a health-care management firm that provides health and dental claim management services. The acquisition increases the number of plan members served by Canada Life by 1.25 million individuals, including plan members and their dependants, with annual claims payments of more than $1.2 billion, according to a […]

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Sun Life completes acquisition of U.S. health-care provider

Jennifer Paterson — Mon, 05 Jul 2021 19:30:16 +0000

Sun Life Financial Inc. has completed its acquisition of PinnacleCare International Inc., a U.S. health-care navigation and medical intelligence provider. Based in Maryland, PinnacleCare has more than 170 employees and 20 years of experience helping people navigate their care options when facing a serious medical condition. It will become part of Sun Life’s U.S. stop-loss and […]

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People Corporation acquiring B.C.-based Burton Financial

Jennifer Paterson — Fri, 02 Jul 2021 19:00:45 +0000

People Corporation Inc. is acquiring British-Columbia-based group benefits, retirement and insurance consulting company Burton Financial Ltd. Burton’s principals, Sean and Darla Trimble, will continue to run the operations as part of People Corp. and its team of employees will continue to provide service and solutions to its plan sponsor clients. Read: People Corp. acquiring B.C.-based benefits […]

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PSP in joint venture on Toronto film studio, Caisse and OTPP to jointly acquire U.S. insurer

Gideon Scanlon — Fri, 02 Jul 2021 19:00:22 +0000

The Public Sector Pension Investment Board is embarking on a joint venture with a real estate firm to build a film and television production studio in Toronto. According to a memorandum of understanding, Los Angeles-based real estate investment firm Hackman Capital LLP will build the studio on a Downsview property to be leased by the […]

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GroupHEALTH acquiring B.C.-based benefits provider

bwolfe — Mon, 14 Jun 2021 13:00:00 +0000

Group Health Group Holdings Inc. is acquiring a 75 per cent stake in Canadian Benefits Investment & Insurance Group Inc., a British Columbia-based provider of group benefits and wealth management services. The transaction will see GroupHEALTH expand its sales and service presence in Western Canada, according to a press release, which noted the acquisition includes […]

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Desjardins Group to acquire Montreal-based Hexavest

Gideon Scanlon — Mon, 31 May 2021 19:15:56 +0000

The Desjardins Group is set to acquire Montreal-based investment firm Hexavest Inc. The deal is expected to close on Sept. 1, 2021, subject to certain conditions. Hexavest, which is based in Montreal, manages $5 billion in assets. The majority of its approximately 50 clients are institutional investors from Canada, the U.S., Australia and Asia. In […]

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Dialogue acquiring mental-health provider e-Hub Health

Jennifer Paterson — Wed, 26 May 2021 19:00:01 +0000

Dialogue Health Technologies Inc. is acquiring mental-health provider e-Hub Health, which provides internet-based cognitive behavioural therapy. e-Hub Health offers a range of programs to support mental-health concerns, including moodgym, which targets the reduction of depression and anxiety symptoms; e-couch, which includes targeted programs for depression, anxiety, bereavement, divorce and social anxiety; and mental-health guru, a module-based online […]

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Green Shield Canada appointing Michael Bradie VP growth, client service

bwolfe — Mon, 10 May 2021 13:00:10 +0000

Green Shield Canada is appointing Michael Bradie as its new vice-president of growth and client service. He most recently served as Green Shield Canada’s director of strategic innovation and prior to that he was an associate at McKinsey & Co. Bradie also previously worked at Green Shield Canada, as supervisor of corporate analytics from 2013 to […]

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Munich Re acquiring benefits provider GroupHEALTH

bwolfe — Mon, 08 Mar 2021 05:00:27 +0000

Germany-based Munich Re is acquiring Canada’s Group Health Group Holdings Inc. Munich Re New Ventures Inc., which previously held a 40 per cent stake in GroupHEALTH, will now own 100 per cent of the company. Matt Houghton, chief executive officer of GroupHEALTH, will continue to lead the company with his executive team, according to a […]

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