Business
Premier Health Announces Termination of Forbearance Agreements With Principal Lenders and the Continuance of Its Strategic Review Process
MONTRÉAL, May 08, 2026 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the &...
About this update from Premier Health Of America Inc
[{"type":"text","content":"Premier Health Announces Termination of Forbearance Agreements With Principal Lenders and the Continuance of Its Strategic Review Process\nMONTRÉAL, 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-CyrInterim Chief Financial OfficerPremier Health of America [email protected] / 1 800 231 9916 Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 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 hist...