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Premier Health of America Inc V.PHA

Alternate Symbol(s):  PRHAF

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

Comment by colouramaon Apr 07, 2022 8:39pm
116 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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