Subject: Acquire Leading Ontario Agency | Premier Health Enters Into Binding Agreement

PREMIER HEALTH ENTERS INTO BINDING AGREEMENT
TO ACQUIRE LEADING ONTARIO AGENCY
CANADIAN HEALTH CARE AGENCY

Montréal, Québec — April 7, 2022

Premier Health of America Inc. (TSXV: PHA) (“Premier Health” or the “Corporation”), a leading Canadian Healthtech company, is pleased to announce that it has entered this day into a share purchase agreement (the “SPA”) to acquire 100% of the outstanding shares of Umana Holdings Inc. (“Umana”) and its wholly-owned subsidiary Canadian Health Care Agency, (“CHCA”) for a total consideration comprised between C$10.5M to C$14.5M (the “Purchase Price”), payable in cash, depending on the achievement of performance objectives (the “Transaction”), minus indebtedness, as more fully detailed in the press release.

CHCA is the primary provider to Indigenous Services Canada ("ISC") for nursing services to remote and semi-remote Indigenous communities in both Ontario and Alberta. In addition, CHCA provides nurses services as a backup provider to ISC for these communities in Manitoba.

CHCA is based in Cambridge, Ontario, and was founded in 2001 in response to severe staffing shortages in Canada’s northern regions. CHCA currently has over 200 active and specially trained Registered Nurses and Nurse Practitioners in its organization.

For the fiscal year ending January 31, 2022, CHCA generated revenues of C$34.5M (of which an estimated C$10.3M were Covid related non-recurring isolation revenues).

“The acquisition of CHCA starts our expansion outside of the province of Quebec and consolidates our market position in Canada’s northern regions” Said Martin Legault, CEO of Premier Health.

“In addition, the Cambridge based agency provides us with a good management infrastructure in Ontario that will serve as a base to continue our expansion in this province. This is a strategy we are expecting to follow in other provinces as well.”

“Our objective is to continue building on our foundation of offering superior care and services to our communities” Said Sharon Umana, CEO of CHCA “Teaming up with Premier Health is a natural fit for us that will allow us to capitalize on the strengths of our nurses and nurse practitioners into even more opportunities to provide care.”

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Martin Legault

Chief Executive Officer
martinlegault@premierhealth.ca

Premier Health Of America

Efficient solutions for a changing healthcare environment

ir@premierhealth.ca

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Subject: Acquire Leading Ontario Agency | Premier Health Enters Into Binding Agreement

PREMIER HEALTH ENTERS INTO BINDING AGREEMENTTO ACQUIRE LEADING ONTARIO AGENCYCANADIAN HEALTH CARE AGENCY

PREMIER HEALTH ENTERS INTO BINDING AGREEMENT
TO ACQUIRE LEADING ONTARIO AGENCY
CANADIAN HEALTH CARE AGENCY