Telus expands its medical niche

Article Excerpt

TELUS $42.89 (Toronto symbol T; Shares outstanding: 593.2 million; Market cap: $25.5 billion; TSINetwork Rating: Above Average; Dividend yield: 4.3%; www.telus.com) gets most of its revenue from its wireless and landline telephone businesses. In the past few years, it has expanded in to other areas. These include helping doctors and hospitals convert patient records to electronic formats. Telus has now agreed to purchase the Canadian assets of Nightingale Informatix Corp. (Toronto symbol NGH). These include Nightingale’s exclusive medical records software. Over 4,000 doctors in Ontario and Atlantic Canada currently use it and the company’s other products. Telus is a buy. buy…