Court Approval of a Restructuring Transaction Allowing Continuation of Uninterrupted Operations

MONTREAL, July 03, 2026 (GLOBE NEWSWIRE) -- PREMIER HEALTH OF AMERICA INC. (TSX-V: PHA) (“Premier Health” or the “Company”) announces that, in connection with the proceedings initiated on June 23, 2026 by the Royal Bank of Canada (the “Applicant”) in its capacity as a secured creditor (the “CCAA Proceedings”), the Québec Superior Court (Commercial Division) (the “Court”) has issued today an order approving the acquisition of all of the equity interests in three affiliates of the Company, namely Solutions Staffing Inc. (“SSI”), Canadian Health Care Agency Ltd. (“CHCA”) and Premier Soin Nordik Inc. / Premier Health Nordik Inc. (“Nordik Québec”), by way of reverse vesting orders (the “Transaction” and the “Approval and Reverse Vesting Orders”).