Premier Health Acquires Umana Holdings and Canadian Health Care Agency
April 7, 2022
Premier Health of America Inc. entered into a share purchase agreement to acquire 100% of Umana Holdings Inc. and its operating subsidiary Canadian Health Care Agency (CHCA) via a newly formed wholly owned subsidiary for total consideration of C$10.5M to C$14.5M (cash, with deferred payments tied to performance). CHCA, based in Cambridge, Ontario, provides specialized nursing services (notably to Indigenous Services Canada in remote northern communities) and will become a wholly owned subsidiary of Premier Health as part of the company’s expansion outside Québec into Ontario and northern regions.
- Buyers
- Premier Health of America Inc., 13822214 Canada (CanCo)
- Targets
- Umana Holdings Inc., Canadian Health Care Agency (CHCA)
- Sellers
- Shareholders of Umana Holdings Inc.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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