Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal - (Business Insider via NewsPoints Desk)

  • Babylon Health will sell its Canadian operations to telecoms company Telus in a change-up to an existing partnership, as reported Business Insider on Monday.
  • Telus has signed a new multi-year deal worth around $70 million to continue licensing  Babylon Health's technology.

  • In 2019, Babylon Health partnered with Telus' health division, Telus Health, to launch a free app that gives users in Canadia the ability to schedule virtual appointments with doctors, and run any symptoms through a chatbot symptom checker.

  • A spokeswoman for Babylon Health said that "we are delighted to have signed a new long-term strategic partnership and multi-year licensing agreement with Telus."

  • "Telus will take on operational control of Babylon Canada, while still leveraging Babylon's service delivery expertise and experience," the spokeswoman added.

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