The Public Sector Pension Investment Board is acquiring a portfolio of vineyards in Australia. According to the terms of the deal reached with Casella Family Brands, the investment organization will take ownership of 35 properties covering 7,215 hectares, as well as associated water entitlements, crops and equipment. The properties are located in South Australia and New South […]
The Caisse de dépôt et placement du Québec is financing part of a renewable energy project in Japan. The investment organization is investing about $90 million in a green bond released by Vena Energy Ltd. The green bond’s proceeds will be used to finance a solar power project on Honshu, Japan’s largest and most populous […]
AGA Benefit Solutions is acquiring Vancouver-based Aptus Benefits Inc., a group benefits and retirement consultancy with expertise in collectively bargained plans and executive disability programs. Private equity firm Novacap will finance the acquisition, which is expected to expand AGA Benefit Solutions’ reach into Western Canada, according to a press release. Read: AGA Benefit Solutions acquiring J&D Benefits […]
Telus Corp. has completed its previously announced acquisition of LifeWorks Inc. With the completion of the $2.9 billion transaction, LifeWorks has become a wholly owned subsidiary of Telus and will be integrated into Telus Health, according to a press release. Read: Telus acquiring LifeWorks for $2.9 billion “We are excited to be joining the Telus Health […]
LifeWorks Inc. is acquiring Benestar, an employee assistance program from Australia-based Cover-More Group. In addition to the acquisition, LifeWorks will provide certain EAP services for global clients of Zurich Insurance Group, Cover-More’s parent company, on a non-exclusive basis, according to a press release. Read: Telus acquiring LifeWorks for $2.9 billion “Benestar and LifeWorks are a […]
An article on the possible surge of disability claims linked to long-haul coronavirus and remote work injuries was the most-read story on BenefitsCanada.com over the last week. Here are the five most popular news stories of the week: 1. Employers can expect surge of claims linked to long-haul coronavirus, remote work injuries: lawyers 2. 74% of employers say […]
Sun Life Financial Inc. has completed its previously announced acquisition of U.S.-based dental benefits provider DentaQuest. DentaQuest is now part of Sun Life’s U.S. business, which offers dental benefits through employers for their benefits plans and has an extensive national commercial dental network. The completion of the acquisition is expected to bring Sun Life U.S.’s total […]
Dialogue Health Technologies Inc. is acquiring U.K.-based Tictrac Ltd., a provider of a global health and wellness platform, for up to $56 million. Tictrac supports employers and insurance partners, engaging their employees and customers to improve overall wellness and driving positive outcomes through meaningful insights, according to a press release. The transaction is expected to […]
Empower Retirement, the U.S. subsidiary of Great-West Lifeco Inc., has completed the previously announced acquisition of Prudential Financial Inc.’s full-service retirement business. With the completed acquisition, Empower’s reach in the U.S. is expanded to more than 17.1 million retirement plan participants and assets under administration to US$1.4 trillion on behalf of about 71,000 workplace savings plans, according to […]
Telus Health is acquiring digital health platform Sprout Wellness Solutions. Sprout is designed to inspire employees to improve their health through behaviour change, according to a press release, which noted Sprout will be integrated with Telus Health’s virtual care service. Read: Telus Health acquires health division of Toronto-based software company “We know preventative health practices can […]