Premier Health of America Inc V.PHA

Healthcare

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.

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Premier Health of America Inc > Matthieu Martin

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Post by Possibleidiot01on Sep 04, 2024 10:34am

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Matthieu Martin

Premier Health of America (TSX-V: PHA), a provider of outsourced healthcare services (primarily nurse placement), reported sluggish Q2 financial results. PHA's Quebec-based agencies took a hit following the implementation of a new bill in Quebec, which restricts the use of independent labor in the public healthcare system. Gross margins were under pressure, and EBITDA almost vanished. The problem here is the significant debt load of $48 million on a market cap of only $20 million before the announcement. Trouble could be brewing without meaningful EBITDA or the ability to raise equity. The stock collapsed 47% on the day of the announcement.