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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc.    SLF   CA8667961053

SUN LIFE FINANCIAL INC.

(SLF)
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Sun Life Financial : becomes minority owner of Montreal-based telemedicine business Dialogue

07/29/2020 | 10:17am EST

MONTREALDialogue Technologies Inc. says it has formed a partnership with Sun Life Financial Inc. that will see the insurance provider become a minority owner of the telemedicine business.

Montreal-based Dialogue says the commercial partnership involves a $32.7-million equity investment and gives Sun Life rights to acquire additional equity later.

The announcement is part of a $43-million round of financing from Dialogue's existing backers Caisse de depot et placement du Quebec, Portag3 Ventures, White Star Capital, HV Holtzbrinck Ventures, First Ascent Ventures and Walter Ventures.

Dialogue provides virtual access to medical care in Canada and connects users directly to health-care professionals across the globe at any time of day.

The company says the COVID-19 pandemic and physical distancing measures have triggered a sharp increase in usage of its virtual care services.

The deal comes after Sun Life rolled out access in April to Lumino Health Virtual Care, a platform powered by Dialogue that allows users to connect with medical professionals digitally.

This report by The Canadian Press was first published July 29, 2020.

Companies in this story: (TSX:SLF)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 38 150 M 29 936 M 29 936 M
Net income 2020 2 526 M 1 982 M 1 982 M
Net Debt 2020 - - -
P/E ratio 2020 13,9x
Yield 2020 3,76%
Capitalization 34 817 M 27 339 M 27 321 M
Capi. / Sales 2020 0,91x
Capi. / Sales 2021 0,95x
Nbr of Employees 22 719
Free-Float 86,4%
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Technical analysis trends SUN LIFE FINANCIAL INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 62,79 CAD
Last Close Price 59,51 CAD
Spread / Highest target 15,9%
Spread / Average Target 5,50%
Spread / Lowest Target -2,54%
EPS Revisions
Managers and Directors
NameTitle
Dean A. Connor President, Chief Executive Officer & Director
William D. Anderson Chairman
Kevin D. Strain Chief Financial Officer & Executive Vice President
Stevan Lewis Chief Technology Officer & Senior Vice President
Laura Money Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
SUN LIFE FINANCIAL INC.5.14%27 339
AXA2.07%57 554
PRUDENTIAL PLC6.20%50 537
METLIFE, INC.8.92%46 023
MANULIFE FINANCIAL CORPORATION6.76%36 838
PRUDENTIAL FINANCIAL, INC.7.10%33 059