Vancouver's Telus Corp. plans to invest $100 million over the next three years to expand its Telus Health Solutions health-care information division.
The move, which comes a year after Telus acquired Quebec-based Emergis in a $763 million deal last year, is aimed at expanding the telecom's market share in the health-care information sector, which Telus says remains largely paper-based.
A recent Ipos-Reid survey found that most Canadians are still using paper-based records to track their lifetime medical histories.
Telus' share price range during the past week: between $37.47 and $39.17; 52-week high: $51.12; 52-week low: $34.12.