MONTRÉAL, May 08, 2026 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the "Company" or "Premier Health"), a leading Canadian health tech company, announced that as previously disclosed in its most recent MD&A for the quarter ended December 31, 2025, the Company was in default of financial ratios under its credit agreements. As such, on April 24, 2025, the Company signed a Forbearance agreement with its lenders. Under this agreement, the lenders agreed to tolerate the defaults so long as the Company abides by certain rules and conditions. The Forbearance Agreement was terminated on April 10, 2026. Since then, the Company and its lenders are actively engaged in discussions to resolve the situation.
In parallel, the Company continues to be actively engaged in further discussions with potential partners and strategic advisors to identify, review and evaluate potential strategic alternatives available to it.
There can be no assurances as to the outcome or timing of such review, or whether any particular transaction may be pursued or consummated.
About Premier Health
Premier Health is a leading Canadian Healthtech company that provides a comprehensive range of outsourced services solutions for healthcare needs to governments, corporations, and individuals. Premier Health uses its proprietary LiPHe platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper, and more accessible care services.
For Further Information Please Contact:
Mr. Frédéric St-Cyr
Interim Chief Financial Officer
Premier Health of America Inc.
fstcyr@premierhealth.ca / 1 800 231 9916
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CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
This press release contains forward-looking information within the meaning of applicable securities legislation which reflects the current plans and expectations of the Company with respect to future events and financial performance. All statements other than statements of historical or current facts may be forward-looking information. Forward-looking information includes statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as 'believes', 'continues', 'expects', 'projects', 'anticipates', 'plans', 'estimates', 'seeks', 'intends', 'targets', 'forecasts', or negative or grammatical versions thereof and other similar expressions, or future or conditional verbs such as 'may', 'will', 'should', 'would' and 'could'. Forward-looking information in this press release includes, but is not limited to, statements with respect to the strategic review process. Forward-looking information is based on management's plans, estimates, projections, beliefs and opinions as at the date of this release, and the assumptions related to those plans, estimates, projections, beliefs and opinions may change; therefore, they are presented for the purpose of assisting the Company's security holders in understanding management's views at such time regarding those future outcomes and may not be appropriate for other purposes. Although the forward-looking information contained in this release is based on assumptions which the Company believes are reasonable, there can be no assurance that actual results will be consistent with such forward-looking information. The forward-looking information in this release relate only to events or information as of the date on which the statements are made and, except as specifically required by applicable securities laws, the Company undertakes no obligation to update or revise publicly any forward-looking information, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. There can be no assurance that the forward-looking information will prove to be accurate. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. These factors and others are more fully discussed in the filings of the Company with Canadian securities regulatory authorities available at www.sedarplus.ca
