Loblaw Companies Limited is making significant inroads in health and wellness with the announcement of its subsidiary Shoppers Drug Mart’s $75 million investment in Maple Corporation, a virtual care provider.
The investment is in exchange for a “material minority stake” in Maple, which is a Canadian telemedicine provider that allows patients to connect online with healthcare professionals.
Jeff Leger, president of Shoppers Drug Mart, says the investment is an important step for the chain.
“The COVID-19 pandemic has proven that Canadians need new ways, particularly virtual ways, to get access to care. We know that the future of healthcare is digitally enabled. We believe that our store network and infrastructure, combined with Maple's technology can help better connect Canadians to the healthcare support they need, whenever and wherever they are."
Shoppers Drug Mart worked with Maple prior to this announcement to better understand the telemedicine’s services. Maple virtual care is available in more than 160 Shoppers Drug Marts in B.C.