Pillway provides convenient virtual access to
a pharmacist with medications delivered to your door
TORONTO, Nov. 28,
2023 /CNW/ - Today, Sun Life is pleased to announce a
minority investment of $9.5 million
in Simpill Health Group Inc., operating as Pillway, with an
opportunity to invest up to an additional $1.5 million. Pillway's online pharmacy expands
upon Sun Life's digital health services and offerings. Sun Life and
its health business are committed to helping Canadians navigate,
access, receive and integrate care.
"With over 50% of Canadians taking at least one prescription
drug a month1, access to medications and pharmacy care
is critical. For those caring for their loved ones, helping with
medication management and adherence is equally as important," said
Dave Jones, President, Sun Life
Health. "As one of the largest private payers of prescription
medication in Canada, we know
first-hand how important it is that people receive their medication
and take it correctly. The team at Pillway has the pharmacy
expertise and services to help Canadians, regardless of where they
are in their health journey."
In June 2023, Sun Life launched
the Lumino Health™ Pharmacy app, with the technology platform and
pharmacy services provided by Pillway. This service was
rolled out to Sun Life Group Benefits Clients in Canada. Through the convenience of an app,
Pillway's services include:
- Access to connect with a live pharmacist by chat or a phone
call.
- Medications delivered directly in Canada. For many, medicines will arrive the
same or next business day.
- Personalized pre-packaging to help you take the right
medications at the right time.
- Ability to track usage, manage refills and receive important
notifications directly through the app.
"Pillway and Sun Life share a mutual passion for helping
Canadians with their health. Today's announcement is a testament to
our ongoing commitment to easy-to-use and high-quality pharmacy
care," said Lak Gill, Chief
Executive Officer, Pillway. "We are excited to have Sun Life as a
strategic partner, and together, continue to grow."
This investment is just one of the many ways Sun Life is
focusing on the health and well-being of Canadians and working to
help bridge the health care gap. It builds on the momentum
established by our acquisition of Dialogue, Canada's premier health and wellness virtual
care platform. Sun Life has been offering Dialogue's services in
Canada since March 2020 and Dialogue recently expanded into
the U.S.
As a sustainability-driven organization, we strive to positively
impact health and wellness outcomes for all. Learn more about Sun
Life's sustainability efforts here.
About Sun Life
Sun Life is a leading international financial services
organization providing asset management, wealth, insurance and
health solutions to individual and institutional Clients. Sun Life
has operations in a number of markets worldwide, including
Canada, the United States, the United Kingdom, Ireland, Hong
Kong, the Philippines,
Japan, Indonesia, India, China,
Australia, Singapore, Vietnam, Malaysia and Bermuda. As of September 30, 2023, Sun
Life had total assets under management of $1.34 trillion. For more information, please
visit www.sunlife.com.
Sun Life Financial Inc. trades on the Toronto (TSX), New
York (NYSE) and Philippine (PSE) stock exchanges under the
ticker symbol SLF.
Note to editors: All figures in Canadian dollars.
About Pillway
Pillway, a pioneering tech-first, full-service digital pharmacy,
is revolutionizing today's traditional pharmacy model through the
thoughtful use of technology. With a specialized focus on chronic
disease management and individuals managing multiple medications
per day, Pillway offers best-in-class service for all prescription
medication needs. Pillway's connected platform seamlessly
integrates doctors, pharmacists, and patients, providing a truly
holistic healthcare experience that forms a full circle of care.
Pillway's dedicated pharmacy care team proactively manages each
patient throughout their entire healthcare journey, removing all
guesswork from medication management. Pillway delivers
comprehensive end-to-end vertical integration across all pharmacy
services, ensuring an unmatched and innovative healthcare
experience for patients, pharmacists, and healthcare providers.
__________
1 Statistics Canada – Prescription medication use among
Canadian adults, 2016 to 2019
|
Media Relations Contact:
Gannon Loftus
Director, Corporate Communications
Sun Life
T. 647-228-8244
gannon.loftus@sunlife.com
Investor Relations Contact:
David Garg
Senior Vice-President
Capital Management and Investor Relations
Sun Life
T. 416-408-8649
david.garg@sunlife.com
Jas Binning
Director, Marketing
Pillway
T. 416-901-1227 ext. 207
jbinning@pillway.com
SOURCE Sun Life Financial Inc.