Acquisition Completed 08:28 AM EDT, 07/02/2021 (MT Newswires) -- Sun Life Financial Inc. (SLF.TO) said Thursday that it completed its acquisition of Pinnacle Care International Inc., a U.S.-based healthcare navigation and medical intelligence provider.
Pinnacle Care will join Sun Life's U.S. stop-loss and health business. Sun Life said the acquisition will help Pinnacle Care reach more potential clients while expanding the stop-loss unit's operations beyond the traditional model, which reimburses employers for the costs of serious health conditions after an employee's care has occurred.
Pinnacle Care has more than 170 employees and 20 years in the business, according to Sun Life. Financial terms of the transaction were not disclosed.
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