Premier Health Signs Purchase Agreement to Acquire British Columbia Based Company Solutions Staffing Inc.

MONTRÉAL, July 04, 2023 (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 signed this day a binding share purchase agreement (the “Agreement”) to acquire 100% of the outstanding shares of Solutions Staffing Inc. (“Solutions Staffing” or “SSI”) from its current shareholders (the “Transaction”). As a result of the Transaction, Solutions Staffing will become a wholly owned subsidiary of the Corporation and will continue its business which consists in providing specialized healthcare staffing services. The total minimum consideration for the Transaction is C$21M (the “Purchase Price”), payable in cash, plus a variable consideration based on the achievement of performance objectives, minus indebtedness as more fully detailed below.

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