Pandemic Presents Telus Health with both Crisis and Opportunity
By Alexandra Posadzki
Pandemic Presents Telus Health with both Crisis and Opportunity
COVID-19 has been a double-edged sword for company, with chain of clinics shuttered but demand for virtual-care services up sharply
The coronavirus pandemic has caused a surge in demand for Telus Corp.’s health business, but one that the company says has created its own challenges.
In March, provincial lockdown measures forced Telus Health to temporarily shutter its national chain of corporate and employee health clinics, which operate under the Medisys and Copeman Healthcare banners, to all but essential services. The closings caused a $4-million hit to its revenue during the first quarter, a figure that, according to TD Securities analyst Vince Valentini, could exceed $20-million in the second
