Growth area for Telus

Article Excerpt

TELUS CORP. $30 (Toronto symbol T.A; Shares outstanding: 335.6 million; Market cap: $10.1 billion; SI Rating: Above Average) has won a $31.5-million expansion of its contract with the Montreal Regional Health Authority. Telus will speed up the conversion of patient records from paper to electronic form. This is a small sum next to Telus’s $9.7 billion in annual revenue, but electronic record conversion is a fast-growing field. Telus launched a new division in late 2008 called “Telus Health Solutions”. Using its Emergis Inc. subsidiary’s expertise, this new operation focuses on developing technology for electronic medical records. Many Canadian hospitals and clinics still use paper forms, so this is a big opportunity for Telus. Telus is still a safety-conscious buy. buy…