Sun Life Financial Inc 6-K, filed Jul 2, 2021
Sun Life Financial Inc (SLF)
About this 6-K
Sun Life Financial Inc filed this 6-K on July 2, 2021.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
| For the month of July 2021 | Commission File Number: 001-15014 |
SUN LIFE FINANCIAL INC.
(the "Company")
(Translation of registrant's name into English)
1 York Street, 31st Floor, Toronto, Ontario, M5J 0B6
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
| Form 20-F ☐ | Form 40-F ☒ |
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):____
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):____
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Sun
Life Financial Inc. (Registrant) | ||||
| Date: July 1, 2021 | By: | /s/ “Tracie Allan” | ||
| Tracie Allan | ||||
Assistant Vice-President and Managing Counsel, Sun Life | ||||
| Exhibits | Description | |
| 99.1 | Press Release dated July 1, 2021 – Sun Life completes acquisition of PinnacleCare | |
Exhibit 99.1
Sun Life completes acquisition of PinnacleCare
TORONTO and WELLESLEY, Mass. and BALTIMORE, July 1, 2021 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced today the completion of its acquisition of Pinnacle Care International, Inc. ("PinnacleCare"), a leading U.S. health-care navigation and medical intelligence provider.
Based in Maryland, PinnacleCare has more than 170 employees and 20 years of experience helping people navigate their care options when facing a serious medical condition. PinnacleCare will become part of Sun Life's U.S. Stop-Loss & Health business ("Stop-Loss & Health"), the largest independent stop-loss provider in the country.
The acquisition will expand Stop-Loss & Health beyond the traditional model that reimburses employers for the costs of serious health conditions after an employee's care has occurred. Through PinnacleCare, Stop-Loss & Health will engage with the employee at diagnosis to help improve the entire spectrum of the care experience and outcomes for both the employee and employer. The transaction creates an integrated offering unique in the stop-loss market.
PinnacleCare's services are currently available to more than two million people through employers and individual clients. Sun Life's extensive distribution network and employer relationships will help PinnacleCare reach even more people with their services while continuing to serve their clients as they do today. Sun Life will work with PinnacleCare to build new Stop-Loss & Health client solutions and will explore extending PinnacleCare's services to members of its other U.S. benefits plans.
A fact sheet related to this announcement is available here.
About Sun Life
Sun Life is a leading international financial services organization providing insurance, wealth and asset management solutions to
individual and corporate 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 March 31, 2021, Sun Life had total assets under management of C$1,304 billion. 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.
In the United States, Sun Life is one of the largest group benefits providers, serving more than 55,000 employers in small, medium and large workplaces across the country. Sun Life's broad portfolio of insurance products and services in the U.S. includes disability, absence management, life, dental, vision, voluntary, supplemental health and medical stop-loss. Sun Life and its affiliates in asset management businesses in the U.S. employ approximately 5,500 people. Group insurance policies are issued by Sun Life Assurance Company of Canada (Wellesley Hills, Mass.), except in New York, where policies are issued by Sun Life and Health Insurance Company (U.S.) (Lansing, Mich.). For more information, please visit www.sunlife.com/us.
About PinnacleCare
PinnacleCare is a private health-care navigation and medical intelligence firm with a mission to ensure that all members realize their
highest expectations for their health and wellness. PinnacleCare's personalized approach to health care is a unique combination of exceptional
medical resources, an unmatched range of services and outstanding care allowing members efficient access to the finest healthcare experiences,
expert guidance through the complex health-care system by expert health advisors, and assurance in leading the healthiest lives possible,
at home and abroad.
| Media contacts: | Investor Relations: |
| Devon Fernald | Yaniv Bitton |
| Sun Life U.S. | Vice-President |
| 781-800-3609 | Head of Investor Relations & Capital Markets |
| Devon.Portney.Fernald@sunlife.com | 416-979-6496 |
| Investor.relations@sunlife.com | |
| Rajani Kamath | |
| Associate Vice-President, Corporate Communications | |
| Sun Life | |
| 416-979-6070 | |
| Rajani.Kamath@sunlife.com | |
| George Cohen (for PinnacleCare) | |
| GCC, Inc. | |
| 617-435-7208 | |
| George@gcpr.com |
Connect with Sun Life U.S.
https://www.facebook.com/SLFUnitedStates/
https://www.linkedin.com/company/sun-life-financial/
https://twitter.com/SunLifeUS
View original content to download multimedia:https://www.prnewswire.com/news-releases/sun-life-completes-acquisition-of-pinnaclecare-301324488.html
SOURCE Sun Life Financial Inc.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/July2021/01/c4742.html
%CIK: 0001381352
CO: Sun Life Financial Inc.
CNW 17:00e 01-JUL-21