LifeWorks

LifeWorks
Company typePublic
TSX: LWRK
IndustryProfessional services
Founded1966 (1966)
DefunctSeptember 1, 2022 (2022-09-01)
FateAcquired by Telus
SuccessorTelus Health
HeadquartersToronto, Ontario, Canada
Key people
Stephen Liptrap, president and chief executive officer
Scott Milligan, executive vice president and chief financial officer
Gillian Denham, chair of the board
ServicesHealth and Benefits, Administrative Outsourcing, Asset and Risk Management, Retirement and Pensions
RevenueIncrease $722.3 million CAD (2018)[1]
Number of employees
6,000[2]
Websitelifeworks.com
Morneau Shepell office in Markham

LifeWorks, formerly known as Morneau Shepell,[3][4] was a human resources services and technology company[5] headquartered in Toronto, Ontario, Canada.[6] Established in 1966, LifeWorks served approximately 24,000 clients in North America. Besides North American offices, LifeWorks also had offices outside North America, including Brazil, Australia and the United Kingdom.[7] LifeWorks was a publicly traded company on the Toronto Stock Exchange (TSX: MSI), with market capitalization of $2 billion.[8]

On September 1, 2022, Telus closed its acquisition of LifeWorks for $2.9 billion, and merged the company into Telus Health.[9][10]

  1. ^ ". Morneau Shepell. Retrieved 9 February 2019.
  2. ^ "Company profile - Canadian Company Capabilities: Morneau Shepell Ltd". Archived from the original on 2017-08-25. Retrieved 2017-03-23.
  3. ^ "Human resources services company Morneau Shepell changes name to LifeWorks - NEWS 1130". www.citynews1130.com. 2021-05-17. Retrieved 2021-05-22.
  4. ^ "Morneau Shepell is now LifeWorks". lifeworks.com. Retrieved 2021-05-22.
  5. ^ "Morneau Shepell Ltd - Complete profile - Canadian Company Capabilities - Industries and Business - Industry Canada". www.ic.gc.ca. Archived from the original on 2017-08-25. Retrieved 2017-03-23.
  6. ^ "Study examines connections between organizational change and health - OHS Canada Magazine". OHS Canada Magazine. 2017-01-31. Retrieved 2017-03-23.
  7. ^ "Global Offices". Morneau Shepell.
  8. ^ "The Globe and Mail - Stock Quote". The Globe and Mail. Retrieved 2017-03-23.
  9. ^ Posadzki, Alexandra. "Telus acquires LifeWorks Inc. for $2.9-Billion to boost health subsidiary". The Globe and Mail. Archived from the original on 2023-02-10. Retrieved 2023-09-10.
  10. ^ Paglinawan, Denise (2022-09-01). "Telus sees global opportunity in employee wellness as it closes LifeWorks acquisition". Financial Post. Archived from the original on 2023-09-10. Retrieved 2023-09-10.

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