Premier Health Group Inc. Completes Acquisition of HealthVue Ventures Ltd.
VANCOUVER, BRITISH COLUMBIA – August 2, 2018 – Premier Health Group Inc. (CSE:PHGI) (“Premier Health”), is pleased to announce that it has completed its previously announced acquisition of all of the issued and outstanding shares of HealthVue Ventures Ltd. (“HealthVue”) from the vendors thereof in consideration of $1,000,000 in cash and an aggregate of 12,000,000 common shares of Premier Health (the “Share Consideration”) at a deemed price of $0.25 per share.
10,800,000 of the common shares comprising the Share Consideration are subject to contractual restrictions on trading, with 1/6 of such shares being released from such restrictions every 6 months commencing on January 30, 2019, and the balance of 1,200,000 of the common shares comprising the Share Consideration are free trading.
Premier Health is also pleased to announce, effective immediately, the appointment of Dr. Essam Hamza, MD, to its board of directors and the resignation of Katherine Badali as a director. Premier Health would like to thank Ms. Badali for her contributions to the company.
ON BEHALF OF THE BOARD OF DIRECTORS
Chief Financial Officer and Director
About HealthVue (previously Cambie Plaza Medical Clinic)
HealthVue provides telemedicine visits remotely and full service family practice from its three clinic locations in the Vancouver lower mainland. Founded in 2005 by Dr. Essam Hamza, MD, Healthvue has added two new locations in the past three years, with an impressive complement of medical doctors and support staff.
About Premier Health
Premier Health is a Canadian company that is strategically poised to take advantage of business opportunities in the global health care industry. We are developing innovative health care approaches that combine human skill based expertise with emerging technologies, and will set the gold standard for services in locations of interest worldwide. Premier Health’s subsidiary, Premier Clinicas de Rehabilitacion, is a multidisciplinary rehabilitation facility operating in the Dominican Republic for over three years and based on the most current North American practices and methods
FOR ADDITIONAL INFORMATION CONTACT:
Premier Health Group Inc.
Mr. Yari Nieken, Director