03:07:33 EDT Wed 24 Jun 2026
Enter Symbol
or Name
USA
CA



Premier Health of America Inc
Symbol PHA
Shares Issued 55,514,151
Close 2026-06-23 C$ 0.005
Market Cap C$ 277,571
Recent Sedar+ Documents

Premier Health obtains creditor protection under CCAA

2026-06-23 21:30 ET - News Release

Mr. Guy D'Aoust reports

PREMIER HEALTH OF AMERICA OBTAINS CREDITOR PROTECTION UNDER THE CCAA-OPERATIONS TO CONTINUE WITHOUT INTERRUPTION

Further to Premier Health of America Inc.'s news release issued this morning and the hearing of the motion for the issuance of an initial order before the Quebec Superior Court (Commercial Division) brought forward by the Royal Bank of Canada (the applicant), in its capacity as a secured creditor, an initial order granting the company and certain of its subsidiaries protection under the Companies' Creditors Arrangement Act (Canada) (CCAA) has been issued.

Pursuant to the initial order, FTI Consulting Canada Inc. has been appointed as monitor of the company to oversee the restructuring contemplated in the initial order.

The initial order provides for, among other things, a broad stay of proceedings against the company and its property, interim financing provided by the applicant in the initial amount of up to $1.5-million to finance the operations and the restructuring proceedings, as well as limited relief in respect of certain securities filing obligations.

The objective of the CCAA proceedings is to allow for the continuation and finalization of a continuing sale and investment solicitation process (SISP) conducted by FTI Capital Advisors, with the goal of implementing one or more going concern sale transactions resulting therefrom, in furtherance of the CCAA's remedial objectives.

Business operations will continue in the ordinary course, and the company's clients should expect no changes to day-to-day operations and service levels. The company's focus remains on delivering reliable, high-quality health care solutions and ensuring continuity of service for the organizations and communities served.

The board of directors of the company will remain in place during this process and management will remain responsible for the day-to-day operations of the company, under the general oversight and supervision of the monitor.

Documents relating to the restructuring process, such as the initial order, the monitor's reports to the court, will be made available on the monitor's website. Readers are urged to consult the full text of all of these documents for further, more detailed, information.

Trading in the company's common shares on the TSX Venture Exchange has been halted. The common shares will remain halted until such date that the TSX-V determines.

About Premier Health of America Inc.

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

We seek Safe Harbor.

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