Canadian financial services company Sun Life Financial Inc. said Thursday it completed the acquisition of the U.S. group benefits business of insurance holding company Genworth Financial Inc. The deal had previously been reported to be worth $650 million.

The group combines with Sun Life's U.S. group business and will offer group life, disability, dental and stop-loss insurance. The group will expand to 34 sales offices across the country.

Sun Life Closes Genworth Group Purchase
Source: Yahoo! Finance