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Premier Health of America Inc 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

Comment by colouramaon May 31, 2023 8:41pm
66 Views
Post# 35473951

RE:Acumen

RE:AcumenAppreciate the update! Certainly looking forward to achieving this price target (and higher) as admittedly I am deep in the red on this stock.

For the point of, why don't they just hire people instead of looking for acquisitions, I'm no expert, but I think a huge obstacle to just hiring people is simply that there is no one to hire. In their MD&A, they mention a few times

"...over the past few quarters, the Corporation experienced some difficulty throughout its agencies in
recruiting new healthcare professionals due to the current labor shortage"

"...also the increasing number of agencies in Quebec who cannibalizes our staff..."

"Demand remains strong as we are booking only a fraction of the calls we get. Reducing the number of agencies in Quebec, would certainly help us recruit and build back the volumes."

An acquisition automatically gives you personnel which you may not have been able to hire organically. But do they have the capacity to add more debt at the moment for another acquisition?
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