Closing of Previously Announced Restructuring Transaction in Connection with CCAA Proceedings

Premier Health of America Inc. announced the successful closing of a restructuring transaction where Polar Valley Investments Limited acquired all equity interests in three company affiliates: Solutions Staffing Inc., Canadian Health Care Agency Ltd., and Premier Soin Nordik Inc. The transaction was completed under CCAA proceedings initiated by Royal Bank of Canada. The three acquired entities will continue operations with no changes to service levels, while Premier Health's remaining assets are being wound down by court-appointed monitor FTI Consulting Canada Inc. Trading of Premier Health's shares on TSX Venture Exchange remains halted.