12.04.2017 18:21:17

People Corp. Acquires Sirius Benefit Plans

(RTTNews) - People Corp. (PEO.V) announced that it has reached a deal to acquire Sirius Benefit Plans Inc. The purchase price is C$15 million for 100% of the share of Sirius.

Sirius is a Third Party Administrator and Third Party Payor for employee benefit plans of small and medium-sized companies. It is headquartered in Winnipeg, Manitoba, but has customers across Canada.

People Corp. said the transaction is expected to be immediately accretive to earnings and cash flow.

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