RE:RE:Premier Health should be treated like a stock option I don't see how the company can piggy back off the Canadian operations alone and be profitable.
You have added interest expense costs rising, and corporate costs that would wipe out any money left over from CHCA nursing. Goodwill impairment from the Quebec operations would significantly reduce book value.
Remember, the company doesn't hold a lot of tangible value. They would not be able to monetize any assets they have to pay for these deficits.