Premier Health Reports Third Quarter Results
Premier Health Reports Third Quarter Results
MONTRÉAL, Aug. 24, 2023 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the "Corporation"), a leading Canadian Healthtech company, announces it has filed its Unaudited Quarterly Consolidated Financial Statements and MD&A for its third quarter ended June 30, 2023.
MontréAL,2023年8月24日(环球通讯社)-Premier Health of America Inc.(多伦多证券交易所:PHA)(“公司加拿大领先的医疗科技公司)宣布,已提交截至2023年6月30日的第三季度未经审计的季度合并财务报表和MD&A。
Third Quarter 2023 Highlights | ||||
(in Canadian dollars) |
June 30, 2023 (3 months) |
June 30, 2022 (3 months) |
June 30, 2023 (9 months) |
June 30, 2022 (9 months) |
Revenues | 23,614,057 | 22,420,149 | 66,984,402 | 58,419,737 |
Gross margin | 6,463,737 | 5,476,682 | 17,308,196 | 14,232,530 |
Gross margin as a % of revenues | 27.4% | 24.4% | 25.8% | 24.4% |
Adjusted EBITDA (1) | 2,714,832 | 1,585,647 | 6,154,047 | 3,538,095 |
Net Income (Loss) | 544,236 | 397,167 | 228,643 | (74,193 |
2023年第三季度亮点 | ||||
(加元) |
2023年6月30日 (3个月) |
2022年6月30日 (3个月) |
2023年6月30日 (9个月) |
2022年6月30日 (9个月) |
收入 | 23,614,057 | 22420149 | 66,984,402 | 58,419,737 |
毛利率 | 6463,737 | 5476,682 | 17,308,196 | 14,232,530 |
毛利率占收入的百分比 | 27.4百分比 | 24.4% | 25.8百分比 | 24.4% |
调整后的EBITDA(1) | 2714,832 | 1585,647 | 6,154,047 | 3538,095 |
净收益(亏损) | 544,236 | 397,167 | 228,643 | (74,193) |
(1) See the Corporation's MD&A for details on this non-Gaap measure.
(1)有关这一非GAAP措施的详细信息,请参阅公司的MD&A。
Summary – third quarter
摘要--第三季度
- The Corporation had revenues of $23.6M for the third quarter ($22.4M for the same period in 2022).
- Gross margin for the quarter was 27.4%, slightly above our long-term target of 25%.
- Adjusted EBITDA for the quarter was $2.7M ($1.6M for the same period in 2022).
- Higher revenue and Adjusted EBITDA are the result of the termination of COVID-19 emergency measures set last year by the Quebec Ministry of Health.
- Net Income for the quarter was $0.5M ($0.4M for the same period in 2022).
- 该公司第三季度的收入为2360万美元(2022年同期为2240万美元)。
- 该季度的毛利率为27.4%,略高于我们25%的长期目标。
- 该季度调整后的EBITDA为270万美元(2022年同期为160万美元)。
- 更高的收入和调整后的EBITDA是魁北克卫生部去年终止新冠肺炎紧急措施的结果。
- 该季度净收入为50万美元(2022年同期为40万美元)。
"We are pleased to show improved results driven by a return to normal of our gross margins. CHCA continues to deliver results in-line with the expectations we had when we purchased it last year, and we are looking forward to closing our recently announced transaction in British Columbia. The addition of Solutions Staffing Inc. to our portfolio will further improve our diversification as we reach our goal of having a coast-to-coast footprint. 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."
“在毛利率恢复正常的推动下,我们很高兴看到业绩的改善。CHCA继续提供与我们去年收购时的预期一致的业绩,我们期待着完成最近宣布的不列颠哥伦比亚省的交易。随着我们实现拥有从东海岸到西海岸业务的目标,Solutions Staffing Inc.加入我们的投资组合将进一步改善我们的多元化。我们将继续关注安大略省和加拿大其他地区的更多资产整合,”S说。援助马丁·莱戈特,Premier Health的首席执行官。我们将继续严格管理现有资产,同时监控不断发展的魁北克市场。
Business Highlights
业务亮点
- 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. As a reminder, these measures were adopted in response to the pandemic. They imposed pricing below existing contracts awarded through a competitive public procurement process.
- The Corporation's four subsidiaries were awarded contracts under Quebec RFP 2023-8017. The contracts became effective respectively on June 1st for remote regions and June 19th for metropolitan areas.
- Acquisition of Solutions Staffing (British Columbia, Canada), announced on July 4th, 2023. Closing is expected before the end of the current financial year.
- Continued development of our LiPHe platform to further improve automation of our business processes. Deployment is in process at some of our subsidiaries.
- 该季度,该公司提供了217,100个小时的服务。
- 卫生部去年实施的特别措施自1月1日起取消ST,2023年。作为提醒,这些措施是为了应对大流行而采取的。他们实行低于通过竞争性公共采购程序授予的现有合同的价格。
- 根据魁北克RFP 2023-8017,该公司的四家子公司获得了合同。这些合同分别于6月1日生效。ST对于偏远地区和6月19日这是对于大都市来说。
- 于7月4日宣布收购Solutions Staffing(加拿大不列颠哥伦比亚省)这是,2023年。预计在本财政年度结束前完成。
- 继续开发我们的LiPHe平台,以进一步提高我们业务流程的自动化。我们的一些子公司正在进行部署。
Province of Quebec
魁北克省
We expected a gradual return to normality in 2023. However, the National Assembly of Quebec sanctioned Bill 10 on April 20th, 2023. Bill 10 mainly states that the Ministry of Health can decide where, when and for how long institutions can use independent labour. Such decisions need to be enacted through the issuance of specific directives. On July 26th,2023, a draft of the directives was issued. The directives call for certain target dates by which specific regions should stop using independent labor, restrictions on who can be placed, rules on pricing and other reimbursable costs, obligations of placement agencies, and what constitutes a violation exposing an agency to financial sanctions. The directives specifically state that the recent contract awards, RFP 2023-8017, are exempted from the new rules. Also, most northern regions are out of scope, meaning that Premier Soin Nordik and Solution Nursing PHA are mostly unaffected. On August 16th, 2023, the Quebec Minister of Health declared that he had received comments on the draft directives and set the date of October 3rd, 2023, as the target for publishing the final set of directives. Answering questions form the Association of Health and Social Services Establishments Managers (AGESSS), the minister also stated that dates included in the directives could be reevaluated in the future, if necessary to implement a smooth transition.
我们预计2023年将逐步恢复正常。然而,魁北克国民议会于4月20日批准了第10号法案这是,2023年。法案10主要规定,卫生部可以决定机构在哪里、何时和多长时间内可以使用独立劳动力。这类决定需要通过发布具体指令来颁布。7月26日这是2023年,发布了指令草案。这些指令要求特定地区在某些目标日期之前停止使用独立劳动力,限制谁可以被安置,关于定价和其他可偿还成本的规定,安置机构的义务,以及什么构成违规行为,使机构受到经济制裁。指令明确规定,最近授予的RFP 2023-8017合同不受新规则的约束。此外,大部分北部地区不在范围内,这意味着总理Soin Nordik和Solution Nursing PHA基本上不受影响。8月16日这是2023年,魁北克卫生部长宣布,他已收到对指令草案的意见,并将日期定为10月3日研发,2023年,作为发布最终指令集的目标。在回答卫生和社会服务机构管理人员协会(AGESSS)的问题时,这位部长还表示,如果为了实现平稳过渡,未来可能会重新评估指令中包含的日期。
PHA will endeavour to work within the proposed framework, as it expects many smaller competitors to fail complying to these new rules. We believe that our services offer flexibility to both professionals and institutions, and as such, play a vital role in providing quality healthcare to the population. According to the Quebec Ministry of Health, the province is spending $1.32 billion annually on healthcare independent labor provided by placement agencies.
PHA将努力在拟议的框架内工作,因为它预计许多规模较小的竞争对手将无法遵守这些新规则。我们相信,我们的服务为专业人士和机构提供了灵活性,因此在为民众提供高质量的医疗保健方面发挥着至关重要的作用。根据魁北克卫生部的数据,该省每年在安置机构提供的独立劳动力方面的医疗保健支出为13.2亿美元。
Canadian Health Care Agency
加拿大医疗保健机构
The Ontario agency was acquired in April of 2022 and contributed to the company's results for the full first nine months of 2023. For the period CHCA contributed around 27% of the consolidated revenues. The integration of CHCA is going as planned with a solid and well-established management team. CHCA is an important service provider to the Federal Government and is also providing services to provincial entities namely in Manitoba and British Columbia.
安大略省办事处于2022年4月被收购,为公司2023年前9个月的业绩做出了贡献。在此期间,CHCA贡献了大约27%的综合收入。CHCA的整合正在按计划进行,拥有坚实和成熟的管理团队。CHCA是联邦政府的重要服务提供者,也向各省实体,即马尼托巴省和不列颠哥伦比亚省提供服务。
Solutions Staffing Inc
解决方案人员配备公司
On July 4th, 2023, PHA announced the signature of a binding share purchase agreement aiming to buy 100% of the shares of Solutions Staffing Inc ("SSI"), a British Columbia healthcare placement agency. The transaction is proceeding as expected. The closing is subject to customary conditions, the performance of which is ongoing, and is expected to close before the end of PHA's fiscal year. This acquisition is a major milestone in terms of geographical diversification of PHA. It also expands our base in the travel nurse segment, which, because of longer term assignments, is simpler to manage. Based on its 2022 fiscal year, SSI had revenues of $74.0M and an EBITDA of $6.7M. On a proforma basis, PHA's revenue base outside Quebec will represent 60% of total revenues.
2023年7月4日,PHA宣布签署一项具有约束力的股票购买协议,旨在购买不列颠哥伦比亚省医疗保健配售机构Solutions Staffing Inc.(“SSI”)100%的股份。这笔交易正在按预期进行。关闭工作取决于常规条件,目前正在进行中,预计将在临时医管局财政年度结束前结束。此次收购是PHA地域多元化方面的一个重要里程碑。它还扩大了我们在旅行护士领域的基础,由于长期任务,这一领域更容易管理。根据其2022财年的数据,SSI的营收为7400万美元,EBITDA为670万美元。在形式上,PHA在魁北克以外的收入基础将占总收入的60%。
Issuance of Deferred Shared Units ("DSU")
发行延期共享单位(以下简称“共享单位”)
On August 28th, 2023, 462,500 DSUs will be issued to PHA's administrators as compensation for services performed in 2023. The price of each unit was set to $0.80/unit on the award date which was March 23rd, 2023. However, the units could not be issued until now because of restrictions linked to blackout periods. This issuance is made from the normal administrators' remuneration plan.
8月28日这是,2023年,462,500个DSU将发放给PHA的管理员,作为对2023年提供的服务的补偿。在3月23日的中奖日期,每套房的价格定为0.80美元/套研发,2023年。然而,由于与停电期相关的限制,这些单元直到现在才能发行。这一发行是从正常管理人员的薪酬计划中进行的。
About Premier Health
关于总理健康
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.
Premier Health是一家领先的加拿大医疗技术公司,为政府、企业和个人提供全面的医疗保健外包服务解决方案。Premier Health使用其专有的LiPHe平台引领医疗服务行业的数字化转型,为患者提供更快、更便宜、更容易获得的护理服务。
Non-GAAP Measures
非GAAP衡量标准
Earnings before interest, taxes, depreciation, and amortization ("EBITDA"), is calculated as the net profit (loss), before non-recurring items excluding acquisition and transaction costs, non-cash expenses (including loss from disposal of assets, impairments, amortization, and depreciation), interest expense, net of interest income and income tax expense. More detail can be found in PHA's Management Discussion and Analysis.
扣除利息、税项、折旧及摊销前收益(“EBITDA”)计算为扣除非经常性项目(不包括收购和交易成本)、非现金支出(包括处置资产、减值、摊销和折旧的损失)、利息支出、扣除利息收入和所得税支出后的净利润(亏损)。更多细节可以在PHA的管理讨论和分析中找到。
For Further Information Please Contact:
欲了解更多信息,请联系:
Mr. Guy Daoust
Chief Financial Officer
Premier Health of America Inc.
gdaoust@premierhealth.ca / 1 800 231 9916
盖伊·达乌斯特先生
首席财务官
美国顶级健康公司。
邮箱:gdaoust@premierHealth.ca/1 800 231 9916
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多伦多证券交易所风险交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
有关前瞻性信息的警示声明:
This press release contains forward-looking information based on current expectations. Statements about events taking place in the future, the achievement of acquisitions or growth objectives, the effects of regulatory changes, amongst others, are forward-looking information. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. The Corporation assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. These factors and others are more fully discussed in the filings of the Corporation with Canadian securities regulatory authorities available at .
本新闻稿包含基于当前预期的前瞻性信息。有关未来发生的事件、收购或增长目标的实现情况、监管变化的影响等的表述均为前瞻性信息。这些声明不应被解读为对未来业绩或结果的保证。此类陈述涉及已知和未知的风险、不确定性和其他因素,可能导致实际结果、业绩或成就与此类陈述所暗示的大不相同。除非法律要求,否则公司不承担更新或修改前瞻性信息以反映新事件或新情况的责任。这些因素和其他因素在公司提交给加拿大证券监管机构的文件中进行了更充分的讨论,网址为。