Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Bullboard - Stock Discussion Forum 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... see more

TSXV:PHA - Post Discussion

View:
Post by Torontojay on Mar 10, 2023 8:22am

What if …

the new bill gets passed and private agencies are eliminated in Quebec?  I guess my first question would be, what's the likelihood that this law passes? My next question would be, what would happen to the share price and profitability of the company if such a scenario took place? I mean, they would be stuck with all the debt from previous acquisitions but without the cash flows from the Quebec province. That would be absolutely criminal but I'm not surprised as Canada is turning into a socialist society.  

As I've said before, the elimination of these agencies will just compound the problem the healthcare industry is facing. Nurses will quit the industry altogether as you cannot force someone to take a position they recently left from. 


On the plus side, the company has a solid history of acquiring companies at very cheap valuations and that will serve them well in the Ontario province. 

Also, no insiders are selling which is a positive sign as well as share buybacks which reinforces my belief that the company is not worried.

Comment by Stonksonlyup90 on Mar 10, 2023 8:27am
Insiders can't sell if they are currently engaged in discussion with Quebec gov't and have knowledge that is non-public. I wish it weren't the case, but frankly the risk-reward has been impacted significantly by these comments from Quebec and new proposed bill... I wouldn't put it past the Quebec gov't to push this bill through - when in reality they are likely to do more harm ...more  
Comment by Torontojay on Mar 10, 2023 11:34am
Why couldn't insiders sell? They've already made this information public so it's a fair playing field. Also, I see the that the Ceo made a transaction after the news story was released. From the md&a  We again suffered from chronic changes in the Quebec government's directives which imposed caps on hourly rates and we could bill for services. These directives were ...more  
Comment by colourama on Mar 10, 2023 11:31pm
Here's the thing I don't understand about the proposed bill: Private temp staffing solutions exist precisely because of gaps in the public healthcare system. These healthcare workers in the private sector are a small fraction of the total healthcare workers in the province and presumably work there in preference over the public for various personal reasons. A large majority of them, when ...more  
Comment by Torontojay on Mar 11, 2023 8:00am
Exactly Colourama, well said! I don't think it's going to work because, as you said, it's going to exacerbate the problem they're in. They will probably just have cap rates on what can be charged by these providers. I believe this is the most likely outcome and a win/win for both parties.   
Comment by colourama on Mar 12, 2023 12:09am
I also think a cap on rates is what they might do - this allows the government to say they are doing "something", but also allows the need for filling the gaps in the healthcare system to continue. (But since this is the government we are talking about, anything could happen.) I don't know the competitiveness of PHA versus other private staffing agencies that are operating, but if ...more  
Comment by pennylane101 on Mar 13, 2023 1:12pm
With the provinces currently in negotiations with the federal government over healthcare funding, this bill which is vague and lacks specifics could be an attempt by the Quebec government to get more money from Trudeau.  Although I don't see how eliminating private agencies from covering shortfalls in staffing and being at the mercy of and relying solely on unionized labour will save tax ...more  
The Market Update
{{currentVideo.title}} {{currentVideo.relativeTime}}
< Previous bulletin
Next bulletin >

At the Bell logo
A daily snapshot of everything
from market open to close.

{{currentVideo.companyName}}
{{currentVideo.intervieweeName}}{{currentVideo.intervieweeTitle}}
< Previous
Next >
Dealroom for high-potential pre-IPO opportunities