Premier Health Partners

Premier Health Reports 2024 First Quarter Results

Retrieved on:

Monday, February 26, 2024

Acquisition, MD, SSI, Premier Health Partners, CHCA, PHA, Adjustment, Bank statement

Adjusted EBITDA for the quarter was $2.6M ($1.5M for the same period in 2022), despite acquisition costs of around $650K in the quarter and only 52 days of contribution from SSI.

Key Points:

Adjusted EBITDA for the quarter was $2.6M ($1.5M for the same period in 2022), despite acquisition costs of around $650K in the quarter and only 52 days of contribution from SSI.
Net Loss for the quarter was $0.2M ($0.4M for the same period in 2022); resulting from acquisition costs and higher financing costs.
The first quarter of 2024 was marked by the largest acquisition and refinancing PHA has completed so far.
In that context there is still a lot of consolidation possible in Canada and we are eager to pursue our growth outside Quebec,” said Martin Legault, CEO of Premier Health.

SP Plus Corporation Implements Technology-Based Parking Management Innovations at Miami Valley Hospital

Retrieved on:

Tuesday, February 6, 2024

Premier Health Partners, Miami Valley Hospital, SP, Patient, LPR, Sphere, Region, QR, Aviation, Physician, Trauma center, Trauma Center, Online shopping

CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, announces it is now operating and managing five parking facilities with its Sphere™ technology platform at Miami Valley Hospital, in Dayton, Ohio.

Key Points:

CHICAGO, Feb. 06, 2024 (GLOBE NEWSWIRE) -- SP+® Corporation (SP+), (Nasdaq: SP) a best-in-class technology and operations management provider of mobility services for aviation, commercial, hospitality, and institutional clients throughout North America and Europe, announces it is now operating and managing five parking facilities with its Sphere™ technology platform at Miami Valley Hospital, in Dayton, Ohio.
“This project has increased the efficiency and overall management of our six parking garages to provide a better experience for patients, staff, and physicians,” said a Miami Valley Hospital spokesperson.
“Revolutionizing accessibility and convenience, our latest Sphere project at Miami Valley Hospital ensures seamless navigation and efficient parking solutions, prioritizing the well-being of patients and visitors alike,” said Tyler Hagerman, Regional Manager II, SP+ Corporation.
Miami Valley Hospital, part of Premier Health, has served Dayton and Southwest Ohio since 1980, offering a wide range of advanced, innovative care.

Premier Health Reports 2023 Fourth Quarter Results

Retrieved on:

Tuesday, December 12, 2023

Travel, Indigenous Services Canada, Social services, Acquisition, Premier Health Partners, Bank statement, CHCA, PHA, SSI

Adjusted EBITDA for the quarter was $2.1M ($2.2M for the same period in 2022).

Key Points:

Adjusted EBITDA for the quarter was $2.1M ($2.2M for the same period in 2022).
During the fourth quarter of 2023, PHA suffered a slight decrease in Adjusted EBITDA when compared to last year.
This quarter was generally in line with management’s expectations, although a goodwill impairment loss was recorded against the Code Bleu agency.
Our eyes remain open to consolidate more assets in Ontario and the rest of Canada, and we feel there are still good opportunities available,” said Martin Legault, CEO of Premier Health.

Premier Health Completes the Previously Announced Acquisition of British Columbia Based Solutions Staffing Inc.

Retrieved on:

Thursday, November 9, 2023

Acumen, EBITDA, SSI, Acquisition, Premier Health Partners, Licensed practical nurse, Transaction, Organization, PHA, Corporation, Tax, Registered nurse, Environment, Travel, Bank, Nursing

As a result of the Transaction, Solutions Staffing has become a wholly owned subsidiary of the Corporation and will continue its business which consists in providing specialized healthcare staffing services.

Key Points:

As a result of the Transaction, Solutions Staffing has become a wholly owned subsidiary of the Corporation and will continue its business which consists in providing specialized healthcare staffing services.
Concurrently with the Transaction, the Corporation is also reaching financial close on the $50 million financing announced on October 30, 2023.
“We are very excited with the opportunity to continue growing Solutions Staffing’s travel nurse operations with its experienced management team.” said Martin Legault, CEO of Premier Health.
Solutions Staffing is active in British Columbia, Alberta, Saskatchewan, Northwest Territories, Nunavut, and Yukon.

ATEC Advances Lateral Surgery With Launch of Expandable Technology

Retrieved on:

Monday, October 16, 2023

The Company will introduce the Calibrate LTXTM lateral expandable implant system, technology designed to better achieve alignment goals with precise lordosis control and disc height restoration.

Key Points:

The Company will introduce the Calibrate LTXTM lateral expandable implant system, technology designed to better achieve alignment goals with precise lordosis control and disc height restoration.
“ATEC is uniquely dedicated to improving lateral surgery,” said Pat Miles, Chairman and Chief Executive Officer.
“The release of Calibrate LTX elevates our lateral procedural thesis by better enabling surgeons to achieve the most elusive goal of surgery: alignment.
Our path to becoming the standard bearer in lateral surgery will be apparent.”
Anthony Kwon, M.D., Orthopedic Spine Surgeon at OrthoCarolina and Atrium Medical Center in Charlotte, NC, added, "The Calibrate LTX expandable lateral system seamlessly integrates with ATEC's entire lateral platform.

U.S. Career Institute and Premier Health Partner to Support Employee Growth and Solve Staffing Challenges through Education.

Retrieved on:

Thursday, September 14, 2023

U.S. Career Institute, Workforce, Medicine, Partnership, Employment, Education, Health, Tertiary referral hospital, Premier Health Partners, Under Secretary of Defense for Personnel and Readiness, Medical assistant, United States Secretary of Labor, Nursing

FORT COLLINS, Colo., Sept. 14, 2023 /PRNewswire-PRWeb/ -- Premier Health and U.S. Career Institute have partnered to bring Employment Solutions to Urgent Care Facilities across the United States through education. The goal of this partnership is to solve current healthcare industry staffing challenges through innovative solutions in the urgent care industry. Like healthcare providers nationwide, urgent care operators need long-term solutions to keep facilities operating efficiently, safely and with excellent patient care and outcomes.

Key Points:

The goal of this partnership is to solve current healthcare industry staffing challenges through innovative solutions in the urgent care industry.
FORT COLLINS, Colo., Sept. 14, 2023 /PRNewswire-PRWeb/ -- Premier Health and U.S. Career Institute have partnered to bring Employment Solutions to Urgent Care Facilities across the United States through education.
The goal of this partnership is to solve current healthcare industry staffing challenges through innovative solutions in the urgent care industry.
"I am excited about this partnership with U.S. Career Institute "stated Jared LeDoux, VP of Human Resources at Premier Health.

Premier Health Reports Third Quarter Results

Retrieved on:

Thursday, August 24, 2023

“We are pleased to show improved results driven by a return to normal of our gross margins.

Key Points:

“We are pleased to show improved results driven by a return to normal of our gross margins.
Our eyes remain open to consolidate more assets in Ontario and the rest of Canada,” said Martin Legault, CEO of Premier Health.
“We’ll continue to rigorously manage our existing assets, as we monitor the evolving Quebec market.”
The Corporation provided 217,100 hours of service during the quarter.
The special measures imposed by the Ministry of Health last year were lifted as of January 1st, 2023.

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

Retrieved on:

Tuesday, July 4, 2023

Acumen, Agreement, Travel, Tax, SSI, Organization, Association of British HealthTech Industries, EBITDA, Corporation, PHA, Acquisition, Registered nurse, Licensed practical nurse, Transaction, Premier Health Partners, Environment, Versata Development Group, Inc. v. SAP America, Inc., Nursing, Life insurance

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”).

Key Points:

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.
“We are very excited with the opportunity to continue growing Solutions Staffing’s travel nurse operations with its experienced management team,” said Martin Legault, CEO of Premier Health.
Solutions Staffing is active in British Columbia, Alberta, Saskatchewan, Northwest Territories, Nunavut, and Yukon.

Premier Health Reports Second Quarter Results

Retrieved on:

Monday, May 29, 2023

Structure of the Canadian federal government, CHCA, National Assembly, Ministry, Federation, Corporation, Rupture, Premier Health Partners, Ministry of Health (New Zealand), National Assembly of Quebec, Adjustment, Automation, Property management, LIPH, Health

“We are happy to report improved results for this quarter.

Key Points:

“We are happy to report improved results for this quarter.
Our gross margins remain within our target range while CHCA continues to deliver results in-line with the expectations we had when we purchased it last year.
We are thrilled about the diversification it brings to our portfolio and eager to add more assets in Ontario and the rest of Canada,” said Martin Legault, CEO of Premier Health.
“We’ll continue to rigorously manage our existing assets as we monitor the evolving Quebec market.”
The Corporation provided 212,600 hours of service during the quarter.

Premier Health Forms Long-term Partnership with agilon health, Expanding Access to Value-Based Care in Southwest Ohio

Retrieved on:

Thursday, March 30, 2023

Health, Consumer, Hospitals, Practice Management, Seniors, Managed Care, General Health, Partnership, Columbus metropolitan area, Ohio, Physician, Long-term care, Zanempilo Community Health Care Centre, Organization, Medicare, Patient, Premier Health Partners, Medicare Physician Group Practice Demonstration, NYSE, Nursing

Premier Health today announced it will enter a long-term partnership with agilon health, inc. (NYSE: AGL), the trusted partner empowering physicians to transform health care in our communities, accelerating the health system’s transition to a full-risk, value-based care model for its senior patients.

Key Points:

Premier Health today announced it will enter a long-term partnership with agilon health, inc. (NYSE: AGL), the trusted partner empowering physicians to transform health care in our communities, accelerating the health system’s transition to a full-risk, value-based care model for its senior patients.
Through the partnership, Premier Health aims to enhance outcomes and the experience for patients and providers under this new care model beginning in 2024.
“At Premier Health, we know that we have a far greater impact when we partner with organizations that share our commitment to providing high quality, cost-competitive health care,” said Michael Riordan, president and chief executive officer, Premier Health.
Today, agilon partners with leading community-based physician groups across Ohio including Central Ohio Primary Care, Community Health Care, Physicians Group of Southeastern Ohio, Pioneer Physicians Inc, PriMed Physicians, The Toledo Clinic, and Wood County Hospital.