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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 Jun 14, 2023 5:34pm
68 Views
Post# 35496893

RE:RE:RE:Bored…

RE:RE:RE:Bored…Torontojay, I agree with your comments, but the thing which I keep coming back to is the demand for healthcare services. Although private staffing represents about 5% of the total hours worked - small but not insigificant - these personnel cannot be compelled to join the public sector. So how will Quebec makeup for this shortfall and increasing demand if they shut down private staffing agencies? People's lives would literally be at risk.

In the latest MD&A, they mention "Generally speaking, demand for our services is expected to remain strong for the foreseeable future" and again "Demand remains strong as we are booking only a fraction of the calls we get."

Plus, PHA has made it clear that they operate as a service to fill in temporary gaps in the healthcare system. One would think that this service is needed even without the severe shortage of nurses just in the nature of the system and its complexity.

The one issue that seems to stick out the most from the Bill 10 discussion is predatory pricing by other smaller agencies. Predatory pricing is harmful to everyone, but one would think that putting a cap on it is an easy way to address the issue, and helps PHA as well.

This is just my two (non-expert) cents, and I'll be the first to admit that the stock has been annihilated far more than I thought possible. But I still feel there is value and a functioning business here.

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