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Loblaw investing $75 million to minority stake from telemedicine company Maple

Loblaw

TORONTO – Loblaw Companies Ltd. has signed a deal to purchase a minority stake from telemedicine firm Maple Corp. for $75 million.

The provider claims that the investment will be produced by its Shoppers Drug Mart Inc. subsidiary.

Maple helps individuals connect with physicians and health care experts employing a smartphone or even pc and also supplies technology for companies, businesses, physicians and clinics.

Loblaw states Shoppers Drug Mart has been operating with Maple and its own digital care is offered in over 160 Shoppers Drug Mart areas in B.C.

The two businesses also worked together early in the pandemic to assist empower medical care visits.

Shoppers Drug Mart has nearly 1,300 shops beneath its own Shoppers Drug Mart and Pharmaprix banner ads.

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Michael Turner

Michael Turner

Michael Turner likes listening to the song and different music from movies to web series. Michael is very passionate about his work and gives you the exact industry update on that.

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