Telus Forays into Health Care - Analyst Blog

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Leading Canadian wireless service provider, TELUS Corporation ( TU ) is reportedly investing in heath care based software providing company, Get Real Health.  Given the opportunities in the health care technology industry, which is expected to grow around $250 billion by 2015 according to the World Bank, we believe the current investment bodes well for Telus' long-term growth.

The investment is also likely to support Get Real Health's product development goal and addition of features to InstantPHR - its current health care software. Further, Get Real Health is also looking forward to utilize the new funding for marketing and sales initiatives, enter into tie-ups to increase market penetration and offer more integrated health care technology solutions.

For Telus, the new investment would provide the company with a diversification opportunity from a highly competitive domestic wireless market, aggravated by the likelihood of  Verizon Communications Inc. ( VZ ) entering the Canadian market.

Previously, Telus took a significant step towards establishing itself in the Canadian health care telecom market through its acquisition of Emergis, a business process outsourcer specializing in health care and financial services. This acquisition strengthened Telus' industry solutions for health care and financial services.

Apart from health care, the company also acquiredToronto-based Fastvibe Corporation, a leading provider of innovative and superior quality Web streaming solutions for businesses. The buyout added a unique technical, event and production Web management capability to the company's portfolio.

Telus, which operates with other Canadian peers - BCE, Inc. ( BCE ) and Rogers Communications Inc. ( RCI ) - has a Zacks Rank #3 (Hold).



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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Business , Stocks

Referenced Stocks: BCE , RCI , TU , VZ

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