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Business Highlights
During the year ended September 30, 2020, the Corporation provided 328,670 hours of services compared to 193,140 for the same period in 2019.
Limitation of healthcare personnel movement between facilities to minimize cross contamination risks resulted in a stabilization of demand for personnel and a decrease in the weekly volatility of personnel placement.
The impact of earlier renewal of governmental contracts and legislative changes in the province of Quebec continued to influence the results positively.
The increase in activity level due to COVID-19 is expected to continue beyond 2021.
Financing Highlights
Subsequent to September 30, the Corporation’s financed the acquisition of Code Bleu with a $10M term loan and increased its credit facility to $4M for general corporate purposes.