This is the Friday GAB, a weekly round up of all the news in and around the group benefits industry. As much as I try to be, I’m not an all seeing Seer yet, so you’ll need to let me know what news I have missed.
Since I’ve been off enjoying the dog days of summer this is more of a summer round up. Since it’s a bit longer it’s more to the point than usual.
Summer slow down? What summer sloe down said the M&A space. We had Hub make an acquisition, TELUS of course picked up LifeWorks, Selectpath (Navacord) picked up Thrive Benefits Group, and Navacrod was busy acquiring CHS Benefits and they also partnered with ONYX in Manitoba, last Westland acquired the Winch Group.
In product news, RBC added gender affirmation (rumor has it Equitable Life will launch their product in about a month), and partnered with Smile Direct. Side bar – I *love how RBC is controlling their AE’s LinkedIn and all of their posts are launched at the exact same time and are exactly the same. Social media is kind of sucky these days. GSC also had a busy summer announcing their partnership with KITS Eyecare, and lunching their new small group product through Honeybee. Medavie launched text therapy and had a few other updates Back in July Manulife moved coverage for the Dexcom 6 CGM to fall under the drug coverage. Not to be left out of the announcement pool Sun Life delayed the date change from TELUS Health to Express Scripts by another month. Drug card switchovers are obviously a large project.
In other news, Dialogue reported increased revenues… and losses. From Betakit “Dialogue Health Technologies reported an increase in revenues in the second quarter of 2022 to $23 million CAD from $16.6 million CAD for the same time last year. However, the health tech’s losses also increased from $6.6 million CAD to $8.2 million CAD for the quarter”.
Rise People partnered with OneVest to create a private, fully integrated wealth management offering on the Rise platform.
The Employee Wellness Solutions Networks has a Workplace Wellness Champion Series going on that is free to register for and the program has been approved for 4 CPD hours for the HRPA.
Finally, the BC Chapter of the ISCEBS is looking for volunteers.
That's the Friday GAB.