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Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal

Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal

Babylon Health CEO Ali Parsa.
Jack Lewis Williams for Tailor Made London




$2 billion health-tech firm Babylon Health is selling its Canada operations to telco Telus.




The two launched an app, Babylon by Telus, in 2019 that offers Canadians virtual consultations with doctors.




Babylon will license its tech to Telus as part of a new long-term partnership.




Insider took a deep-dive into Babylon's business amid SPAC speculation, which you can read here.


$2 billion, Saudi-backed health-tech startup Babylon Health is to sell its Canadian operations to telecoms firm Telus in a change-up to an existing partnership, Insider can reveal.Babylon Health partnered with Telus' health division, Telus Health, in 2019 to launch a free app that gives Canadian users the ability to schedule virtual appointments with doctors, as well as run any symptoms of illness through a "chatbot" symptom checker. The Babylon by Telus Health app is somewhat similar to Babylon's app in the UK, called GP at Hand.The partnership saw Babylon set up operations in Canada, hiring on-the-ground clinical operatives and physicians.Insider understands that Telus is set to acquire Babylon's operations in Canada, and has signed a new multi-year deal to continue licensing its technology. The deal is thought to be worth around $70 million.
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