Premier Health Completes the Previously Announced Acquisition of Canadian Health Care Agency

MONTRÉAL, April 19, 2022 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (“Premier Health” or the “Corporation”), a leading Canadian Healthtech company, is pleased to announce that it has completed the acquisition of 100% of the outstanding shares of Umana Holdings Inc. (“Umana”) and its wholly-owned subsidiary Canadian Health Care Agency (“CHCA”), through a newly created wholly owned federally incorporated subsidiary, 13822214 Canada (“CanCo”), for a total consideration comprised between C$10.5M to C$14.5M (the “Purchase Price”), payable in cash, depending on the achievement of performance objectives (the “Transaction”), minus indebtedness, as more fully detailed below. As a result of the Transaction and a corporate reorganization, CHCA became a wholly owned subsidiary of the Corporation. The Corporation will continue the business of CHCA which consists in providing specialized nursing services.

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