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Premier Health completes Livecare Health acquisition

Premier Health Group Inc. has completed its acquisition of the telehealth company Livecare Health Canada Inc.

Premier Health issued 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 all of the outstanding liabilities of Livecare and its unit.

In case the total amount of assumed liabilities exceeds C$1.2 million, Premier Health will be entitled to cancel a number of the issued shares, at a deemed price of 40 cents apiece, equal to the excess amount of liabilities.

Premier Health is not obligated to assume more than $1.8 million in total liabilities of Livecare and its wholly owned subsidiary, according to a Jan. 13 news release.

British Columbia-based Premier Health is a health technology provider. Livecare connects patients with doctors through videos and messages.