Premier Health Reports AMP Decision Regarding Subsidiaries in Quebec

Executive Summary

• Premier Health’s Quebec subsidiaries have been placed on the Register of Enterprises Ineligible for Public Contracts by the Autorité des marchés publics (AMP), rendering them unable to enter public contracts in Quebec for five years.
• The affected public contracts represented approximately 12% of total revenues for the quarter ended June 30, 2025, creating a material negative impact on the Company’s revenue stream.
• Premier Health is pursuing administrative and judicial remedies and will update investors should any material developments occur.

Key Details

• Entities Affected: Code Bleu, Placement Premier Soin, Premier Health Nordik, Solutions Nursing (the “Quebec Subsidiaries”).
• Regulatory Action: Registration in the Register of Enterprises Ineligible for Public Contracts under Quebec’s Act respecting contracting by public bodies (LCOP).
• Duration of Ineligibility: 5 years from date of registration; a 60‑day window to cease performance of any ongoing public contracts unless specific authorization is obtained from Quebec’s Treasury Board or Minister of Municipal Affairs.
• Revenue Impact: Public contracts in Quebec accounted for 12% of Premier Health’s total revenues in the quarter ending June 30, 2025.
• Remedial Measures: The Company previously received advance notices (Feb 2025) and implemented corrective actions; now exploring all available administrative and judicial remedies.
• Geographic Scope: Ineligibility applies only to public contracts in Quebec; private sector work in Quebec and all activities outside Quebec remain unaffected.
• Forward‑Looking Statements: The release contains forward‑looking information regarding potential remediation efforts and future communications of material developments.

Notable Quotes

• “Premier Health remains fully committed to upholding the highest standards of compliance and governance and will communicate any material developments in due course.” – Jean‑Robert Pronovost, Vice‑President, Corporate Development.