Mr. Guy Daoust reports

PREMIER HEALTH SECURES DEBT FINANCING FOR ITS PREVIOUSLY ANNOUNCED ACQUISITION

Premier Health of America Inc. has arranged a $50-million secured credit package aimed at closing the acquisition of Solution Staffing Inc., which was announced on July 4, 2023, including a refinancing of its current revolving facility and new term loans to finance the transaction. The new structure is composed of five facilities, all of which are to be disbursed at closing of the Transaction pending TSX Venture Exchange acceptance under Policy 5.3 Expedited Acquisition Procedure as follows:

C$10M, 2-year revolving credit facility;

C$25M, 2-year senior term loan;

C$5M, 5-year senior term loan;

C$5M, 5-year subordinated debt; and

C$5M, 3.5-year subordinated debt.

The first two loans bear interest at variable rates plus a margin based on the level of certain financial ratios calculated at the end of each financial quarter. The other three loans have fixed rates averaging 14.3%.

The Secured Financing is led by the Royal Bank of Canada and BDC Capital Inc., sole affiliate of the Business Development Bank of Canada and is subject to certain conditions precedents, mainly the conclusion of the Transaction and other customary conditions. Collateral security for the Secured Financing will be provided by PHA and its subsidiaries.

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 software platform to lead the healthcare services sector digital transformation to provide patients with faster, cheaper, and more accessible care services.

We seek Safe Harbor.