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Premier Health (OTC:PHGRF) (CSE:PHGI) Signs Definitive Agreement for Acquisition of Cloud Practice Inc., a National Medical Software Application Company

Joe Samuel

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  • Cloud Practice Inc. products include: Juno EMR, a cloud based EMR solution; ClinicAid, a medical billing software; and MyHealthAccess, an online patient portal
  • The Juno EMR system is currently used by 287 clinics, over 3,000 licensed practitioners, 1,500 staff and 2,870,000 registered patients
  • Cloud Practice services over 60 Cannabis Clinics with over 120,000 active patients.
  • ClinicAid processes upwards of $30,000,000 in payments to over 3000 health providers on a monthly basis

VANCOUVER, British Columbia, January 10, 2018 – Premier Health Group Inc. (CSE: PHGI, OTCQB: PHGRF, Frankfurt: 6PH) (the “Company” or “Premier Health”), a Company focused on developing innovative approaches that combine human skill based expertise with emerging technologies for the healthcare industry, is pleased to announce, further to its news release dated December 17, 2018, the Company has signed a Definitive Agreement (“the Agreement”) to acquire all of the outstanding securities of Cloud Practice Inc. (“Cloud Practice”).

EXCLUSIVE: Multi-Trillion Dollar Industry Providing Massive Opportunity in 2019 & Beyond

Cloud Practice’s founders, including CEO Jordan Visco, and entire support team, consisting of several software developers and sales staff, will join and work alongside the Premier Health team to offer tools and resources providing for better efficiency on a day-to-day basis for both physicians and customers. The combined Premier and Cloud Practice ecosystem consists of over 3,000,000 patients.

“We are very excited to have completed this acquisition and to have the experienced team at Cloud Practice join the team at Premier Health. With this acquisition, we now have a medical software company with national reach. Thus, enabling us to build on our patient centric technology platform that will integrate telemedicine, online booking and other premium services with our electronic medical records (EMR) system,” said Dr. Essam Hamza, CEO of Premier.

Jordan Visco, CEO of Cloud Practice, stated: “We are thrilled to be joining a progressive group such as Premier Health. We are focused on delivering top quality service to Canada’s healthcare industry and we are confident that with Cloud Practice’s offerings combined with the Premier Health teams’ expertise and long-term vision, we can achieve considerable success.”

In consideration for the acquisition of all of the outstanding Cloud Practice securities, Premier will pay to the Cloud Practice shareholders total consideration of up to $5 million as follows: (i) $500,000 paid in cash on signing of the binding LOI as a refundable deposit, (ii) $500,000 in cash payable on closing, (iii) $500,000 in cash payable 90 days after closing, (iv) $500,000 in cash payable within six months of the LOI subject to the satisfaction of certain milestones related to the integration of the Juno EMR, and (v) an aggregate of $3 million payable in common shares of Premier at a deemed price of $0.76 per share.

All shares issued in the transaction are subject to a restricted period of four months and one day. There were no finder’s fees paid in connection with the Transaction.

ON BEHALF OF THE BOARD OF DIRECTORS

“Dr. Essam Hamza, MD”

Chief Executive Officer

 

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, with the goal of setting the gold standard for services in locations of interest worldwide. Premier Health’s subsidiary, HealthVue is focused on developing proprietary technology to deliver quality healthcare through the combination of connected primary care clinics with telemedicine and artificial intelligence (AI). We currently have an ecosystem of over 100,000 active patients and have plans to rapidly increase that number both domestically and internationally. The HealthVue team has a strong track record of successfully creating value in healthcare and technology enterprises. The Management team has deep clinical, financial and operational expertise and a passion for improving healthcare for all patients.

 

About Cloud Practice

 

Cloud Practice is a cloud-based software solutions company focused on streamlining medical practice throughout Canada. They offer three products including Juno EMR, ClinicAid and MyHealthAccess. Juno EMR, a modified branch of an open-source electronic medical records (EMR) software which was originally released by McMaster University, is hosted in the cloud and can be accessed anywhere, anytime. ClinicAid is Canada’s easiest medical billing software. MyHealthAccess is an online patient portal which puts patients back in control of their health care through connecting with their clinics and booking appointments online.

Cautionary Statements

This news release contains forward-looking statements that are based on Premier Health’s expectations, estimates and projections regarding its business and the economic environment in which it operates, including with respect to its business plans, completion of its acquisition of Cloud Practice, and the timing thereof, the expected benefits to the Company following the integration of Cloud Practice’s software and the expected implementation of new applications, including the timing thereof, the expect growth to Cloud Practice’s business and the expected synergies resulting from the Company’s acquisition of Cloud Practice. Although Premier Health believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. These forward-looking statements speak only as of the date on which they are made, and Premier Health undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

FOR ADDITIONAL INFORMATION CONTACT:

Premier Health Group Inc.

www.mypremierhealth.com

Email: investors@mypremierhealth.com

Pursuant to an agreement between MIDAM VENTURES, LLC and Premier Health Group Inc. we were hired for a period from 10/1/2018 – 4/1/2019 to publicly disseminate information about Premier Health Group Inc. including on the Website and other media including Facebook and Twitter. We were paid $300,000 ( CASH) for & were paid “500,000” shares of restricted common shares (as of 1/2/2019). We own zero shares of Premier Health Group Inc., which we purchased in the open market. Once the (6) Six-month restriction is complete on 4/1/2019 we plan to sell the “500,000” shares of Premier Health Group Inc. that we hold currently in restricted form during the time the Website and/or Facebook and Twitter Information recommends that investors or visitors to the website purchase without further notice to you. We may buy or sell additional shares of Premier Health Group Inc. in the open market at any time, including before, during or after the Website and Information, provide public dissemination of favorable Information. Click here for full disclaimer.

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Got That Friday Feeling? We Do Too! April 26, 2019 Morning Update

Jon Phillip

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stock price newsletter

Can You Detect A Winner?

We live in a world where threats to our safety, both large and small, have impacted the way we as a society live.  Increased security measures are being taken in several aspects of daily life such as entering a school or even a baseball game, often causing large delays.  Worse off, not all current security measures are stopping these threats before they happen. One company is working on a solution to combat these issues, NOW. Click Here & See For Yourself

Reviving The Lost Interest In The Gold Mines: McEwen

From the viewpoint of a mining executive, a loss in interest in gold mines is being assessed. After dabbling in other activities in the mining sector, firms and companies must switch back to their core activity of finding new gold mines. What could this mean for mining stocks? Click For Full Article

Saudi’s Minister Has No Plans To Boost Oil Production After Iran Oil Waivers End

On Wednesday, Saudi Arabia’s Energy minister Khalid al-Falih said that there was no need to immediately increase oil output. This followed the ending of waivers granted by the US to Iranian crude oil buyers. He added that Saudi Arabia will only respond to increase oil output if there is an increase in demand. Read More, Now.

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Energy

Saudi’s Minister Has No Plans To Boost Oil Production After Iran Oil Waivers End

Jon Phillip

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oil and gas news

On Wednesday, Saudi Arabia’s Energy minister Khalid al-Falih said that there was no need to immediately increase oil output. This followed the ending of waivers granted by the US to Iranian crude oil buyers. He added that Saudi Arabia will only respond to increase oil output if there is an increase in demand.

The Decision Not To Increase Output Based On Market Fundamentals

The minister said that his decision was based on oil market fundamentals rather than prices and that they still remain focused on stabilizing the global oil market.  Speaking in Riyadh, Falih said that despite the rising of inventories as a result of sanctions on Iran and the situation in Venezuela it was not necessary to have an immediate response to increase oil output.

Last year the US granted Iranian oil buyers exemptions from sanctions but it has tightened the line by deciding not to renew them.  Saudi Arabia intends to remain within its OPEC production limit as well as be intent to its customers. More so those under waivers and those that have seen their waivers withdrawn. 

The minister said that they are not going to pre-empt the same and increase their output. Oil production number for May are set. It had little variations from previous months. Furthermore, crude oil allocations for June will be decided next month.

Oil Prices Have Been Increasing Since November

Since November, Oil prices have increased. This follows the announcement by the US that all waivers on imports of Iranian oil will not be renewed to put pressure on buyers to stop buying oil, from Iran. This ends up tightening global oil supply. 

On Wednesday, Brent Crude futures dropped to trade at $74.18 per barrel. This followed a statement from the International Energy Agency. This indicates that markets are adequately supplied and global production is stable.

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Featured

Reviving The Lost Interest In The Gold Mines: McEwen

Joe Samuel

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gold mining stocks to buy

From the viewpoint of a mining executive, a loss in interest in gold mines is being assessed. After dabbling in other activities in the mining sector, firms and companies must switch back to their core activity of finding new gold mines. What could this mean for mining stocks?

Rob McEwen, CEO and Chairman of McEwen Mining (MUX) says, the first few months of the year has brought and encouraged the attention and interest of the investors in the mining of precious metals sector. But, now it is extremely important to bring up some new discoveries and execute some exploration plans in order to give consistency to the investors’ attention.

New Opportunity For Mining Stocks?

He remarks that a new zeal is required to bring enthusiasm to the investors. The current market is in need of some extraordinary news. He even said that there is no lack of money in this sector and that investors just need to work upon it and create shareholder values.

Chairman McEwen commented as the prices of the gold is consistently falling since3-4 months causing damage to the mining sector. Companies like June Gold Futures and VanEck Vectors Gold Minors ETF last traded at $1,273.50/ounce, and $20.92/share respectively and the former went down 0.32% while the latter faced 0.29% fall on the day.

According to McEwen, a few companies are working in this direction to revive the interest in these mines. These companies are Kirkland Lake Gold (its record production) & Great Bear Resources (its active program of exploration) are mentioned by him in this regard.

McEwen, as per his plans, is heading for extensive drilling plans in North America. He introduced that his company is going to invest $17 million at Black Fox Property’s (North Ontario) exploration plans and $5 million at Gold Bar Mine (Nevada).

McEwen believes that such resources are full of potential and can create peerless mines in the world.

McEwen planned for the aforementioned two plans as the world saw a degradation in the production at Gold Bar due to massive snowfall at Nevada. And also, the production at Black Fox was affected as the contactor-run crushing plant was shut down for 6 weeks in February.

Growth Is The Focus

But McEwen is definite to complete its target no matter what. He said the company will fulfill its 2019 target of gold production of 205,000 ounces. In the first 3 months of 2019, he claimed the gold production of 36,166 ounces. This is 18% more than the gold production in the first 3 months of 2018.

McEwen gave a positive statement saying that price and the interest of investor will be gained back soon once the gold mines receive adequate attention. He says that the mining sector is facing a lacuna of sentiments of investors.

He even said that the importance of gold mines could be seen as unlike investors, Central Bank is showing stability in hiking the bank’s gold reserve and continuing to see it as an international currency. So, it is still important for those investors who are seeking protection for their investments.

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