Following the acquisitions of leading digital forensics
providers Digital WYZDOM Inc. and Digital WYZDOM Forensics Inc.
) closed yet another major acquisition of PS Suite EMR - the EMR
(electronic medical record) business of MD Practice Software LP.
No financial disclosure has been made but the company stated that
the acquisition positions Telus as the largest provider of EMR
services in Canada.
Through the PS Suite, the company aims to expand it EMR
services to reach approximately 25 million patients through
interactions with 9,000 Canadian physicians in its home turf.
The company has been focusing on capturing the majority share
in the health care market. Its collaborative effort with various
hospitals, pharmacies, physiotherapists, and alternative medical
practitioners like chiropractors have resulted in significant
business generation for the company.
With the inception of Telus Health 10 years ago, Telus remains
successful in state-of-the-art technology and innovation that
address the current market needs in health care. The company has
invested over $1 billion in the last five years in acquisitions
of EMR providers like Wolf Medical Systems in Feb 2012, and
Quebec based company KinLogix in Oct 2012.
Besides penetrating into the health care market, Telus
continues to benefit from accelerating wireless data services and
growing wireline fiber optic networks. Telus is leading the
Canadian industry in the deployment of the three fastest wireless
networks - high-speed packet access plus (HSPA+), HSPA+ Dual and
Long-Term Evolution (LTE). Further, the company is expanding
Internet data centers to support its cloud computing
Telus Corporation - which operates within the Canadian telecom
industry along with
Rogers Communications Inc.
) - currently carries a Zacks Rank #3 (Hold).
Deutsche Telekom AG
), with a Zacks Rank #1 (Strong Buy), is another stock in this
sector that is worth considering.
BCE INC (BCE): Free Stock Analysis Report
DEUTSCHE TELEKM (DTEGY): Free Stock Analysis
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TELUS CORP (TU): Free Stock Analysis Report
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