November 13, 2023
Premier Well being of America Inc. (TSXV: PHA) accomplished its acquisition of Options Staffing Inc., a Vancouver, British Columbia-based healthcare staffing agency offering nurses and allied healthcare professionals.
“We’re very excited with the chance to proceed rising Options Staffing’s journey nurse operations with its skilled administration staff,” Martin Legault, CEO of Premier Well being of America, mentioned in a press assertion. “The acquisition of SSI will end in Premier Well being changing into a nationwide service supplier with actions throughout Canada, an vital milestone for our firm.”
Whole minimal consideration for the transaction is C$21 million (US$15.2 million) in money plus web working capital and tax changes of C$1.8 million (US$1.3 million) paid at closing. As well as, one other C$6 million (US$4.4 million) is payable over the subsequent two years primarily based on EBITDA efficiency. An quantity of C$1.2 million (US$870,138) can also be payable primarily based on the precise collections of sure receivables.
The deal was first introduced on July 4.
Based in 2001, Options Staffing gives short- and long-term healthcare assignments, starting from one to 52 weeks, throughout the British Columbia, Alberta, Saskatchewan, Northwest Territories, Nunavut and Yukon provinces. It posted income of C$74.0 million, (US$54.8 million) in its fiscal 12 months ended Sept. 30.
“Our goal in teaming up with Premier Well being is to leverage our providing of superior care and companies to our communities with healthcare-centric applied sciences,” Sandra Shannon, COO of Options Staffing, mentioned in a press launch. “It will allow SSI to proceed constructing on its basis with the very best instruments.”
