The acquisition is expected to be immediately accretive to profits, Mr. “It adds significant scale to employee benefits, contributes even more diversification by entering into the government-programs space and increases our focus on capital-light health businesses,” Mr.
division to Sun Life’s total underlying profit to more than 19 per cent, up from 16 per cent at the end of 2020, Sun Life chief financial officer Manjit Singh said during an analyst call. The deal will add US$100-million in underlying profit in the first full year after closing and boost the contribution of the U.S. “When this transaction came up, it lifted us significantly, obviously on the dental side, but it also introduced us to – and this had not been on our radar prior to this – a business that was significant in the Medicare and Medicaid space.”
group benefits space, and to be quite frank, we were smaller than we would have liked to have been on the dental side, “ Sun Life chief executive officer Kevin Strain said in a Monday interview with The Globe and Mail. “We were looking at ways to add scale and capabilities in our U.S.
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