Premier Health of America (TSXV:PHA), a provider of healthcare staffing in Quebec and northern Canada, reported revenue jumped 75.7% to C$41.5 million (US$23.6 million) in its fiscal third quarter ended June 30. The Montreal-based firm’s acquisition of Solutions Staffing drove the increase. Premier Health noted revenue at its two Quebec-based per diem subsidiaries fell more than 35% during the quarter because of Bill 10 limiting the use of independent labor.

The company also reported a net loss.

“Our two per diem business units’ revenues have decreased sharply during the third quarter,” CEO Martin Legault wrote in a note. “The per diem units are active mainly in urban centers in the province of Quebec where the provincial government has, in our opinion, wrongly targeted staffing agencies as the source of all the province’s healthcare system issues.”

However, the company’s travel nurse segment saw revenue grow 5.7% on an organic basis.

Premier Health’s Quebec-based travel nurse business units — Premier Soin Nordik and Solutions Nursing — were less affected by Bill 10 than the per diem segment, Legault wrote.

Premier Health reported earnings on Aug. 21.

Premier Health of America - Q3 2024