Recent Acquisition of Code Bleu
RECENT ACQUISITION OF CODE BLEU
MAJOR STEPPING STONE FOR PREMIER'S GROWTH PATH
CODE BLEU
One of the best industry actors in the province of Quebec employing nurses, caregivers,
dental staff and other health-related personnel.
For the year ending December 31, 2019, Code Bleu generated revenues of approximately
C$29.3M, an EBITDA of C$3.9M and a net income of C$2.8M.
TRANSACTION
•
•
FORECAST
•
Transaction was completed on November 6, 2020 and will be consolidated with PHA starting
in the first fiscal quarter ending December 31, 2020.
Total consideration of C$17 million, comprised of a C$10M cash payment, a C$4.5M payment
in Premier Health common shares at $0.69 per share, and a C$2.5M deferred consideration
payable over 3 years and subject to performance objectives.
Based on historical Code Bleu results PHA forecasts revenues of $52M and an EBITDA of
$5.7M for FY2021.
PREMIER
HEALTH
OF AMERICA
CONFIDENTIAL - NOT FOR DISTRIBUTION
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