Premier Health Group Inc. will acquire telehealth company Livecare Health Canada for C$3 million.

Premier Health will issue 4.5 million common shares at 40 Canadian cents apiece for a total value of C$1.8 million to Livecare's shareholders and will assume up to C$1.2 million of Livecare's debt.

British Columbia-based Premier Health, a health technology provider, previously announced an intent to buy the digital technology company in November.