Stockwatch – TELUS Health Acquires Electronic Prescription Technology

Stockwatch – TELUS Health, a division of TELUS Corporation (TSE:T, Mkt cap 24.26B, P/E 17.60, Div/yield 0.38/3.86, EPS 2.24, Shares 615.48M) has announced that it is adding a new functionality to its existing health technology portfolio through its acquisition of an interest in the underlying technology that allows physicians to use a mobile device to write and deliver prescriptions for patients.

Stockwatch - TELUS Health ZRx Prescriber accessing patient insurance coverage information

Stockwatch – TELUS Health ZRx Prescriber – works by accessing the patient’s insurance coverage information directly.

The acquisition of the product from Quebec-based ZoomMed – called ZRx Prescriber – works by accessing the patient’s insurance coverage information directly at the moment of prescription. TELUS Health said the purchase will see the Canadian healthcare technology company become the first to offer insurance coverage validation nationally at the moment of prescription.

ZoomMed said it will retain the exclusive intellectual property in the ZRx Prescriber for the United States and the United Kingdom, in the deal worth up to C$6,800,000.

TELUS Health say that the technology will provide physicians across Canada with immediate access to patients’ insurance coverage information, allowing them to prescribe within the patient’s plan parameters when possible, which, it says, will speed up the insurance claim and improve the patient’s experience during the dispensing process.

The ZRx prescriber is already used by 520 medical clinics in Quebec and Ontario. TELUS Health aims to slowly integrate the technology into electric health records used by more than 13,000 physicians across the country. The agreement will see ZoomMed’s affected Canadian employees transferred to TELUS Health, and will give the TELUS sole ownership of ZRx Prescriber and its IP in Canada.

Paul Lepage, president of TELUS Health, said the acquisition will allow the company to have a more “direct and positive impact on the patient experience”.

Telus exhibits profitable growth, robust free cash flow and a solid balance sheet. Planned capital investments have the potential to sustain future growth. The company has committed to returning cash to shareholders through its share purchase and dividend growth programs. Telus’ net income grew by 41.18%, year over year, to $0.62 per share during the most recently completed quarter. This is among the strongest growth rate in the Canadian telecom sector.

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Stockwatch – TELUS Reports Strong Results For Second Quarter Of 2014

Stockwatch – TELUS says wireless revenue up 6.2%

Stockwatch – Vancouver-based telecommunications company TELUS Corporation (TSE:T, Mkt cap 24.22B, P/E 17.57, Div/yield 0.38/3.86, EPS 2.24, Shares 615.48M) has revealed its second-quarter financial results, reporting strong performance across the board.

Stockwatch - TELUS

Stockwatch – TELUS says wireless revenue up 6.2%

The company reported consolidated revenue growth of 4.4% over the 12 month period since the second quarter of 2013, reaching C$2.95 billion in total. The growth was realised from both wireless and wireline operations, as outlined in a statement. Wireless revenue went up 6.2%, while wireline operations generated revenue 2.4% higher than a year ago. The company attributes this to a growing customer base using TELUS TV and high-speed Internet services, as well as a rise in revenue per customer.

In the wireless segment, growth was mostly driven by increased subscription rates and data usage growth, thanks to smartphone penetration on the market and expanding LTE coverage, it said in the statement.

Meanwhile, earnings before interest, income taxes, depreciation and amortization (EBITDA) rose 7.5% to C$1.07 billion. Net income also increased by 33% to C$381 million.

TELUS reported a cash flow of C$210 million, which was 9.4% higher compared to the same period last year. The main drivers of the increase were higher capital expenditures and income tax payments that partially made up for higher EBITDA and lower defined benefit pension contributions.

The second quarter of the year brought C$412 million returns to shareholders. Of those, C$24 million were paid in dividends and a further C$188 million were in share purchases under the company’s 2014 normal course issuer bid program. According to Darren Entwistle, executive chair of TELUS, total capital returns to shareholders for the year up to the end of July exceeded C$1.1 billion.

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Stock Watch – Telus To Invest $600m More In Ontario By 2016

Stock Watch – Telus will spend a total of $1.1b over three years in Ontario to upgrade wireless and fibre optic communications infrastructure.

Canadian telco Telus Corp (TSE:T, Mkt cap 25.12B, P/E 20.18, Div/yield 0.38/3.75, EPS 2.01, Shares 619.94M) will channel an additional $600 million into the roll-out of new infrastructure and wireless technology in Ontario over the next two years, the company has announced.

Stock Watch – Telus profit $377m revenue $2.9B dividend $0.38b

Stock Watch – Telus will spend a total of $1.1b over three years in Ontario

The amount adds to the $500 million investment that the company will make in the wireless communications infrastructure of the province this year under a three-year plan introduced in 2012. The money earmarked for 2015 and 2016 will be used to provide fibre optic communications infrastructure for regional business clients and advanced healthcare solutions for consumers, as well as to improve access to cloud computing data centre services and wireless technology across local communities.

The company’s 4G LTE service already covers over 85% of Ontario’s population and its plans foresee deployment of the 700 MHz spectrum to extend its reach and boost speeds across the province. Telus will also seek to facilitate access to its healthcare solutions, which are currently used by more than 12,500 physicians in the country and support over 45 million patient interactions a year.

The combined $1.1 billion investment will expand the company’s infrastructure to sustain innovation and economic success in communities in the province, Telus executive chairman Darren Entwistle commented. The amount will bring the company’s total investment in operations and infrastructure throughout Ontario to over $36 billion, he said.

Entwistle noted that since 2000 Telus has remitted more than $1.65 billion in income, payroll, property, sales and other taxes to provincial and municipal authorities in Ontario.

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Stock Watch – Telus Closes Q1 with Net Income of $377m

Stock Watch – Telus, with 1st quarter profit up 4.1% to $377m & revenue up 5% to $2.9B, is increasing its quarterly dividend by 11.8% to $0.38.

The wireless, TV and Internet services business of TELUS Corporation (TSE:T, Mkt cap 25.12B, P/E 20.18, Div/yield 0.38/3.75, EPS 2.01, Shares 619.94M) was the main driver behind the 4.1% annual increase in its January-March net profit, which reached $377 million in the period, the Canadian telco reported. This positive start to the year reflects the company’s commitment to investing in advanced broadband technology and providing exceptional customer experiences, outgoing president and CEO Darren Entwistle commented.

Stock Watch – Telus profit $377m revenue $2.9B dividend $0.38b

Stock Watch – Telus, with 1st quarter profit up 4.1% to $377m & revenue up 5% to $2.9B, is increasing its quarterly dividend by 11.8% to $0.38.

The result corresponds to quarterly net income of $0.61 per share, up from $0.56 in the first quarter of last year.

The Vancouver-based company exited the quarter with a 5% rise in revenues to $2.9 billion, buoyed by higher sales of both wireless and wireline data services.

Revenues generated from wireless services, in particular, advanced by 5.3% to $1.44 billion in the quarter thanks to growth in its subscriber base and the robust adoption of smartphones, which boosted data usage. The wireline business, which includes TV, Internet and phone services, generated $1.34 billion in revenues, a rise of 4.4%.

During the quarter, the telco added 48,000 net wireless post-paid customers, 27,000 TV subscribers and 21,000 users to its high-speed Internet service.

Telus said it was increasing its quarterly dividend by 11.8% to $0.38. The dividend is payable on July 2 to shareholders of record on June 10.

Entwistle stepped down as chief executive at the company’s annual shareholders’ meeting in early May to take on the role of executive chairman. He will be replaced by chief commercial officer Joe Natale.

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The opinions expressed here are ours alone. They are provided for information purposes only and are not tailored to the needs of any particular individual or company, are not an endorsement, recommendation, or sponsorship of any entity or security, and do not constitute investment advice. We strongly recommend that you seek advice from a qualified investment advisor before making any investment decision.