Leading Canadian wireless service provider,
) 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
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.
) 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 -
) - has a Zacks Rank #3 (Hold).
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