MONTRÉAL, May 08, 2026 (GLOBE NEWSWIRE) -- Premier Health of America Inc. (TSXV: PHA) (the 'Company” or 'Premier Health”), a leading Canadian health tech company, announced that as previously disclosed in its most recent MD&A for the quarter ended December 31, 2025, the Company was in default of financial ratios under its credit agreements. As such, on April 24, 2025, the Company signed a Forbearance agreement with its lenders. Under this agreement, the lenders agreed to tolerate the defaults so long as the Company abides by certain rules and conditions. The Forbearance Agreement was terminated on April 10, 2026. Since then, the Company and its lenders are actively engaged in discussions to resolve the situation.