The Montreal telemedicine company Dialogue will be acquired by Sun Life Financial.

The management of the virtual care platform announced Wednesday morning that it had accepted a takeover offer at a price of $5.15 per share.

That’s a 43% premium to the TSX’s Tuesday close of $3.60.

Dialogue clarifies that this operation is the result of a strategic review process.

Dialogue went public in the spring of 2021. The initial share price was then set at $12. The stock had quickly appreciated to $20 before retreating to its current level.