TELUS $42.07 - Toronto symbol T

TELUS $42.07 (Toronto symbol T; Shares outstanding: 609.0 million; Market cap: $25.7 billion; TSINetwork Rating: Above Average; Dividend yield: 3.8%; www.telus.com) continues to expand its health care division, which helps doctors, pharmacies and hospitals convert patient records and other information to electronic formats.

The company recently paid an undisclosed sum for Quebec-based Medesync, a privately held maker of cloud-based software that lets doctors access patient data and other information from any computer or mobile device. Medesync’s software also makes it easier for doctors to schedule checkups, view test results and process billing.

As well, Medesync is linked to over 3,000 Quebec pharmacies, so doctors can submit a patient’s prescription directly.

Telus is a buy.

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