21:36:24 EDT Fri 08 May 2026
Enter Symbol
or Name
USA
CA



Premier Health of America Inc
Symbol PHA
Shares Issued 55,514,151
Close 2026-05-04 C$ 0.025
Market Cap C$ 1,387,854
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Premier Health terminates forbearance agreement

2026-05-08 18:33 ET - News Release

Mr. Frederic St-Cyr reports

PREMIER HEALTH ANNOUNCES TERMINATION OF FORBEARANCE AGREEMENTS WITH PRINCIPAL LENDERS AND THE CONTINUANCE OF ITS STRATEGIC REVIEW PROCESS

As previously disclosed in its most recent MD&A (management's discussion and analysis) for the quarter ended Dec. 31, 2025, Premier Health of America Inc. 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 advisers 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 of America Inc.

Premier Health is a leading Canadian health-tech company that provides a comprehensive range of outsourced services solutions for health care needs to governments, corporations and individuals. Premier Health uses its proprietary LiPHe platform to lead the health care services sector digital transformation to provide patients with faster, cheaper and more accessible care services.

We seek Safe Harbor.

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