Sun Life Financial has agreed to buy Pinnacle Care International, a Maryland-based medical intelligence and health-care navigation provider, in a deal worth $85m (around C$108m).

PinnacleCare will be part of Sun Life’s U.S. Stop-Loss & Health business upon deal completion in the middle of this year.

The transaction, which awaits regulatory nod, aims to expand Stop-Loss & Health beyond the traditional model.

This model reimburses employers for the costs of serious health conditions after an employee’s care has occurred.

PinnacleCare is said to help Stop-Loss & Health engage with the employee at diagnosis, supporting the employee and employer.

Sun Life U.S M.D., president Dan Fishbein said: “By offering experienced care navigation for members, Sun Life and PinnacleCare will create a new dynamic that will improve care, outcomes and costs in the process.

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“PinnacleCare extends the value of our stop-loss programmes beyond reimbursement to directly helping members in the moments that matter.”

PinnacleCare is a private medical intelligence and health-care navigation company.

The firm enables people to access an initial or second medical opinion to make informed treatment decisions. It also carried out medical research as well as appointment facilitation in coordination with a client’s health plan coverage.

PinnacleCare has a staff strength over 170.

Stop-Loss & Health senior vice president Jen Collier, R.N. said: “People who get an unexpected diagnosis are facing a difficult life event and often don’t know where or how to start evaluating their options.

“Bringing in PinnacleCare’s innovative approach to help people at each step of the health-care process will help us improve the experience of our members so they feel supported and cared for when they need it most.”

Sun Life has a presence in Canadathe US, the UK, Hong Kongthe PhilippinesJapan, IndiaChinaAustraliaSingaporeVietnam, among others.

In addition to insurances, it offers wealth and asset management solutions.

Last year, the firm purchased an 80% stake in the UK-based global infrastructure and real estate manager InfraRed Capital Partners.