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(環球通訊社)-Premier Health of America Inc.(多倫多證券交易所:PHA)(“公司加拿大領先的醫療科技公司)宣佈,已提交截至2023年6月30日的第三季度未經審計的季度合併財務報表和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年第三季度亮點 | ||||
(加元) |
2023年6月30日 (3個月) |
2022年6月30日 (3個月) |
2023年6月30日 (9個月) |
2022年6月30日 (9個月) |
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 |
毛利率佔收入的百分比 | 27.4百分比 | 24.4% | 25.8百分比 | 24.4% |
調整後的EBITDA(1) | 2714,832 | 1585,647 | 6,154,047 | 3538,095 |
淨收益(虧損) | 544,236 | 397,167 | 228,643 | (74,193) |
(1) See the Corporation's MD&A for details on this non-Gaap measure.
(1)有關這一非GAAP措施的詳細資訊,請參閱公司的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).
- 該公司第三季度的收入為2360萬美元(2022年同期為2240萬美元)。
- 該季度的毛利率為27.4%,略高於我們25%的長期目標。
- 該季度調整後的EBITDA為270萬美元(2022年同期為160萬美元)。
- 更高的收入和調整後的EBITDA是魁北克衛生部去年終止新冠肺炎緊急措施的結果。
- 該季度淨收入為50萬美元(2022年同期為40萬美元)。
"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."
“在毛利率恢復正常的推動下,我們很高興看到業績的改善。CHCA繼續提供與我們去年收購時的預期一致的業績,我們期待著完成最近宣佈的不列顛哥倫比亞省的交易。隨著我們實現擁有從東海岸到西海岸業務的目標,Solutions Staffing Inc.加入我們的投資組合將進一步改善我們的多元化。我們將繼續關注安大略省和加拿大其他地區的更多資產整合,”S說。援助馬丁·萊戈特,Premier Health的首席執行官。我們將繼續嚴格管理現有資產,同時監控不斷發展的魁北克市場。
Business Highlights
業務亮點
- 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.
- 該季度,該公司提供了217,100個小時的服務。
- 衛生部去年實施的特別措施自1月1日起取消ST,2023年。作為提醒,這些措施是為了應對大流行而採取的。他們實行低於通過競爭性公共採購程式授予的現有合同的價格。
- 根據魁北克RFP 2023-8017,該公司的四家子公司獲得了合同。這些合同分別於6月1日生效。ST對於偏遠地區和6月19日這是對於大都市來說。
- 於7月4日宣佈收購Solutions Staffing(加拿大不列顛哥倫比亞省)這是,2023年。預計在本財政年度結束前完成。
- 繼續開發我們的LiPHe平臺,以進一步提高我們業務流程的自動化。我們的一些子公司正在進行部署。
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.
我們預計2023年將逐步恢復正常。然而,魁北克國民議會於4月20日批准了第10號法案這是,2023年。法案10主要規定,衛生部可以決定機構在哪裡、何時和多長時間內可以使用獨立勞動力。這類決定需要通過發佈具體指令來頒佈。7月26日這是2023年,發佈了指令草案。這些指令要求特定地區在某些目標日期之前停止使用獨立勞動力,限制誰可以被安置,關於定價和其他可償還成本的規定,安置機構的義務,以及什麼構成違規行為,使機構受到經濟制裁。指令明確規定,最近授予的RFP 2023-8017合同不受新規則的約束。此外,大部分北部地區不在範圍內,這意味著總理Soin Nordik和Solution Nursing PHA基本上不受影響。8月16日這是2023年,魁北克衛生部長宣佈,他已收到對指令草案的意見,並將日期定為10月3日研發,2023年,作為發佈最終指令集的目標。在回答衛生和社會服務機構管理人員協會(AGESSS)的問題時,這位部長還表示,如果為了實現平穩過渡,未來可能會重新評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將努力在擬議的框架內工作,因為它預計許多規模較小的競爭對手將無法遵守這些新規則。我們相信,我們的服務為專業人士和機構提供了靈活性,因此在為民眾提供高質量的醫療保健方面發揮著至關重要的作用。根據魁北克衛生部的數據,該省每年在安置機構提供的獨立勞動力方面的醫療保健支出為13.2億美元。
Canadian Health Care Agency
加拿大醫療保健機構
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.
安大略省辦事處於2022年4月被收購,為公司2023年前9個月的業績做出了貢獻。在此期間,CHCA貢獻了大約27%的綜合收入。CHCA的整合正在按計劃進行,擁有堅實和成熟的管理團隊。CHCA是聯邦政府的重要服務提供者,也向各省實體,即馬尼託巴省和不列顛哥倫比亞省提供服務。
Solutions Staffing Inc
解決方案人員配備公司
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宣佈簽署一項具有約束力的股票購買協定,旨在購買不列顛哥倫比亞省醫療保健配售機構Solutions Staffing Inc.(“SSI”)100%的股份。這筆交易正在按預期進行。關閉工作取決於常規條件,目前正在進行中,預計將在臨時醫管局財政年度結束前結束。此次收購是PHA地域多元化方面的一個重要里程碑。它還擴大了我們在旅行護士領域的基礎,由於長期任務,這一領域更容易管理。根據其2022財年的數據,SSI的營收為7400萬美元,EBITDA為670萬美元。在形式上,PHA在魁北克以外的收入基礎將佔總收入的60%。
Issuance of Deferred Shared Units ("DSU")
發行延期共享單位(以下簡稱“共享單位”)
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日這是,2023年,462,500個DSU將發放給PHA的管理員,作為對2023年提供的服務的補償。在3月23日的中獎日期,每套房的價格定為0.80美元/套研發,2023年。然而,由於與停電期相關的限制,這些單元直到現在才能發行。這一髮行是從正常管理人員的薪酬計劃中進行的。
About Premier Health
關於總理健康
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是一家領先的加拿大醫療技術公司,為政府、企業和個人提供全面的醫療保健外包服務解決方案。Premier Health使用其專有的LiPHe平臺引領醫療服務行業的數位化轉型,為患者提供更快、更便宜、更容易獲得的護理服務。
Non-GAAP Measures
非GAAP衡量標準
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、稅項、折舊及攤銷前收益(“EBITDA”)計算為扣除非經常性專案(不包括收購和交易成本)、非現金支出(包括處置資產、減值、攤銷和折舊的損失)、利息支出、扣除利息收入和所得稅支出後的淨利潤(虧損)。更多細節可以在PHA的管理討論和分析中找到。
For Further Information Please Contact:
欲瞭解更多資訊,請聯繫:
Mr. Guy Daoust
Chief Financial Officer
Premier Health of America Inc.
gdaoust@premierhealth.ca / 1 800 231 9916
蓋伊·達烏斯特先生
首席財務官
美國頂級健康公司。
郵箱:gdaoust@premierHealth.ca/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.
多倫多證券交易所風險交易所及其監管服務提供商(該術語在多倫多證券交易所的政策中定義)均不對本新聞稿的充分性或準確性承擔責任。
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:
有關前瞻性資訊的警示聲明:
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 .
本新聞稿包含基於當前預期的前瞻性資訊。有關未來發生的事件、收購或增長目標的實現情況、監管變化的影響等的表述均為前瞻性資訊。這些聲明不應被解讀為對未來業績或結果的保證。此類陳述涉及已知和未知的風險、不確定性和其他因素,可能導致實際結果、業績或成就與此類陳述所暗示的大不相同。除非法律要求,否則公司不承擔更新或修改前瞻性資訊以反映新事件或新情況的責任。這些因素和其他因素在公司提交給加拿大證券監管機構的檔案中進行了更充分的討論,網址為。