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Premier Health of America Inc V.PHA

Premier Health of America Inc. is a Canada-based healthtech company. The Company is a specialized healthcare services company that provides a range of staffing and outsourced service solutions for healthcare needs to governments, corporations, and individuals. The Company operates through two segments: Per Diem and Travel Nurse. The Company’s Per diem segment includes staff who work on an as-needed basis, sometimes for multiple health care institutions and are typically assigned shifts at the last minute and paid directly tied to worked hours. Its Travel Nurse segment includes healthcare professionals who work in temporary positions, carrying out short- and medium-term assignments that require travel, especially in remote areas. Its services are provided through its LiPHe platform developed with the objective of optimizing and streamlining the business-to-customer relationship and product offering through the use of business process automation and business intelligence applications.


TSXV:PHA - Post by User

Comment by colouramaon Apr 07, 2022 8:39pm
97 Views
Post# 34586456

RE:RE:The acquisition - thoughts?

RE:RE:The acquisition - thoughts?
Now that there are concrete numbers, if I play with the valuations (taking some of your numbers from earlier)

Say 4x1.5  + 3.4 = 9.4 EBITDA run rate as a very conservative estimate

Put a very conservative multiple of 10*9.4 = $94 million

Debt = $11.2 million (existing) + $14.5 million (new, assuming full earnout) = $25.7 million

Cash = $4.4 million

Then marketcap = ($94 - $25.7 + $4.4) = $72.7 million

Total share outstanding - call it 55 million

If I have not made a mistake, this gives me share price = $72.7/55 = $1.32

Put a higher multiple of 12x (or even 14.8x being the average), and/or increase in existing EBITDA, and the share price I get approaches 3x the current valuation.
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