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Premier Health of America Inc T.PSN


Primary Symbol: V.PHA

Premier Health of America Inc. is a Canadian healthtech company. The Company provides a comprehensive range of outsourced service solutions for healthcare needs to governments, corporations, and individuals. The Company uses its proprietary LiPHe platform to lead the healthcare services sector in digital transformation to provide patients with more accessible care services. The Company operates through two segments: Per Diem and Travel Nurses. The Per Diem segment includes Premier Soin and Code Bleu, two of its Quebec subsidiaries that offer their respective services for nursing and assistance by profile and by region. The Travel nurse segment includes Canadian Health Care Agency, Premier Soin Nordik, Solutions Nursing as well as Solutions Staffing, four of its subsidiaries that offer their respective services to the federal and provincial governments for nursing and assistance, including in remote regions.


TSXV:PHA - Post by User

Post by AndiVROon Aug 28, 2018 11:35am
87 Views
Post# 28529570

News about payout

News about payout

Finally, after a few emails and lots of wait, I was able to talk with the Siskind lawyer assigned to this case - Sajjad. The main news is that they got judge approval in all provinces where this class action was filled and next Friday (they hope) they will release the plan for entering the payment stage. That is when they will announce the net payout - what is left out of those 34-36 mil we got after legal and admin fees are deduced. At that time they will announce who will be processing the payouts - a judge-approved company (recommended by Siskind) - and from that moment we will be dealing only with that company. The payment administration company, Sajjad said, will make us fill forms about how many shares/type of shares we own and then they will establish how much each will receive. The forms we had to fill at the beginning were for lawyer's office usaged. 
The bad news is that ALL further actions - against KPMG, directors etc - will be ceased. So this is it - what we will be getting now is ALL we will ever receive. 

He insisted that he cannot give me even a ballpark number about the recovery level but at one point he said "let's say you will get 25%". 

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