From GlobeNewswire: 2025-05-21 17:00:00

Premier Health of America Inc. (TSXV: PHA) has filed its unaudited Quarterly Consolidated Financial Statements and MD&A for the second quarter ended on March 31st, 2025. Revenues for the quarter were $27.1M, with a Gross margin of $4.5M. Adjusted EBITDA was $0.5M and Net Loss was $3.1M for the quarter.

The effects of Quebec’s Bill 10 continue to impact the Per Diem segment, representing around 4% of revenues and 5% of gross margins. Travel nurse and northern community services are performing well, except in BC where volume reduction is being experienced due to service acquisition centralization efforts by health authorities.

Premier Health is working on the reorganization of its Quebec operations, reducing the workforce and corporate structure. The company’s CFO, Guy Daoust, assumed the role of interim CEO. Cost savings are on track with planned amounts, and the cost structure in BC is being reviewed to address market conditions.

Premier Health is focused on cost reduction, debt management, operational efficiency, and organic growth opportunities. The Per Diem segment is now nonexistent, shifting focus to Travel Nurses and evaluating entry into the Home Care sector. More information is available in the Company’s quarterly financial statements and MD&A on sedarplus.ca.

Premier Health is a leading Canadian Healthtech company providing outsourced services solutions for healthcare needs. Their proprietary LiPHe® platform leads the digital transformation of healthcare services, offering faster, more affordable, and accessible care. EBITDA and Adjusted EBITDA are key financial measures used by the Company.

This press release contains forward-looking information regarding the Company’s future plans and expectations. Management’s views are subject to change, and there is no guarantee that actual results will align with the forward-looking information. The Company assumes no responsibility to update or revise forward-looking information unless required by law.



Read more at GlobeNewswire:: Premier Health Reports 2025 Second Quarter Results