Proceedings.

Innovere Medical Inc.

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Proceeding
CCAACCAA
Court
Ontario Superior Court of Justice · Commercial List
File
CV-24-00730634-00CL
Industry
Health care · Medical devices, labs & supplies
Filings held33
Last activity18 Mar 2025
On the record730 days
OverviewSummary updated

Innovere Medical Inc. remains under CCAA protection in the Ontario Superior Court of Justice, court file CV-24-00730634-00CL, with the stay of proceedings extended to February 28, 2025 by an order dated January 13, 2025. The proceeding began November 5, 2024 under a stay expiring November 15, 2024, which a further order made that day carried to January 31, 2025. Bids were due December 16, 2024. The applicant's unaudited balance sheet as at October 28, 2024 shows total liabilities of $9,615,264, being current liabilities of $4,839,573 and non-current liabilities of $4,775,691, with no total assets figure. BDC issued a demand and notice of intention to enforce security claiming $4,365,000 as of October 15, 2024 on a facility that matured August 6, 2024; ESFC Funding Co., LLC is owed approximately $332,122 as of September 30, 2024, ranking ahead of BDC in SR&ED tax-credit proceeds, and the Canada Revenue Agency asserts a deemed trust claim of $45,482.39.

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Case updates33 dated entries
Parties

Debtor

Innovere Medical Inc.

Monitor

EY

Bench and counselPer the orders and service lists on the record

Bench

JudgeCourtOn this docketCases on record
Justice BlackOntario Superior Court of Justice9 orders, Nov 2024 – Jan 2025198 cases on record

Counsel of record

PartyCounselFirst seenSource
MonitorEYThornton Grout Finnigan LLP13 Nov 2024Service list · 13 Nov 2024
ApplicantInnovere Medical Inc.Torys LLP4 Nov 2024Factum · 4 Nov 2024
Interim lenderHawk Capital (Canada) IncBlake, Cassels & Graydon LLP · Stikeman Elliott LLP13 Nov 2024Endorsement · 15 Nov 2024
CreditorBDC Capital IncMcMillan LLP13 Nov 2024Service list · 13 Nov 2024
CreditorSiemens Healthineers AGBlake, Cassels & Graydon LLP13 Nov 2024Service list · 13 Nov 2024
Capital structureAs asserted in the filings
stated amounts, drawn to scale · for subscribers
#Priority classCreditorAmountSource
3Deemed trusts (CRA and other)Canada Revenue Agency · in 985 casesDeemed trust class; arrears amount per CRA letter dated February 6, 2024; Applicant states it has been unable to ascertain what this amount relates to despite diligent efforts — debtor: Innovere Medical Inc. · as of 6 Feb 2024$45.5KApplication Record (Part 1), returnable November 5, 2024
4Secured
4Secured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured
8Unsecured

57 more claims in 2 classes The stack holds Deemed trusts (CRA and other), Secured and Unsecured claims.

Every creditor and every amount, drawn to scale.

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Sale processAs stated in the filings

Bid deadline

16 December 2024

SISP Approval Order, dated November 15, 2024

RecoveriesAs stated in the filings

Unsecured creditors: no distribution.EstimatedReport of the Trustee's Preliminary Administration · 18 Mar 2025

ClassCreditorClaimsRecoveryBasisSource
Unsecured——no distributionEstimatedper the trusteeReport of the Trustee's Preliminary Administration · 18 Mar 2025

Each row is one filing's statement, copied as it reads and never computed. "Estimated" is the officer's forecast; "Under the plan" is the plan's or proposal's own term; "Final" is a declared or paid distribution; a row with no chip states no footing. A range is the two numbers stated; "of proven claims" is the document's own denominator.

Estate financialsReported figures — never derived
Total liabilities at filing

As at ·

The total the debtor stated at filing

Each one as the filing states it, with its source.

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Documents
33 filings
DateDocumentFile
Report of the Trustee's Preliminary Administration, dated March 18, 2025
  • Recovery outcome Entries: per estimated; per estimated · Table missing:
PDF · Subscribers
Creditors' PackagePDF · Subscribers
Certificate of Appointment, dated February 25, 2025PDF · Subscribers
Monitor's Certificate, dated February 25, 2025PDF · Subscribers
Approval and Reverse Vesting Order, dated January 13, 2025
  • Counsel Torys LLP
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Endorsement of Black, J., dated January 13, 2025
  • Presiding officer Justice Black
PDF · Subscribers
Sealing Order, returnable January 13, 2025
  • Counsel Blake, Cassels & Graydon LLP
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Stay Extension, Fee Approval and CAA Termination Order, dated January 13, 2025
  • Counsel Torys LLP
  • Order date 13 January 2025
  • Presiding officer Justice W.D. Black
  • Stay extended to 28 February 2025
PDF · Subscribers
Responding Factum of Siemens Healthineers, dated January 12, 2025
  • Counsel Blake, Cassels & Graydon LLP
PDF · Subscribers
Responding Motion Record of Siemens Healthineers, dated January 12, 2025PDF · Subscribers
Factum of the Applicant, returnable January 13, 2025
  • Counsel Torys LLP
PDF · Subscribers
Second Report of the Monitor, dated January 9, 2025PDF · Subscribers
Motion Record, returnable January 13, 2025PDF · Subscribers
Amended and Restated Initial Order, dated November 15, 2024
  • Counsel Torys LLP
  • Order date 15 November 2024
  • Presiding officer Justice W.D. Black
  • Stay expiry 31 January 2025
PDF · Subscribers
Endorsement of Black, J., dated November 15, 2024
  • Counsel Blake, Cassels & Graydon LLP
  • Presiding officer Justice Black
PDF · Subscribers
Motion Record re Amended and Restated Initial Order and SISP Approval Order (Part 2), returnablePDF · Subscribers
Motion Record re Amended and Restated Initial Order and SISP Approval Order (Part 3), returnablePDF · Subscribers
Motion Record re Amended and Restated Initial Order and SISP Approval Order (Part 4), returnablePDF · Subscribers
SISP Approval Order, dated November 15, 2024
  • Bid deadline 16 December 2024
  • Counsel Torys LLP
  • Order date 15 November 2024
  • Presiding officer Justice W.D. Black
PDF · Subscribers
Factum of the Applicant, returnable November 15, 2024
  • Counsel Torys LLP
PDF · Subscribers
First Report of the Monitor, dated November 13, 2024PDF · Subscribers
Service List as at November 13, 2024
  • Counsel Torys LLP
PDF · Subscribers
List of Creditors
  • Financial position · Secured creditors · Unsecured creditors Subscribers
PDF · Subscribers
Motion Record re Amended and Restated Initial Order and SISP Approval Order (Part 1), returnable November 15, 2024
  • Order date 5 November 2024
  • Stay expiry 15 November 2024
PDF · Subscribers
Notice to CreditorsPDF · Subscribers
Application Record (Part 2), returnable Novemer 5, 2024PDF · Subscribers
Application Record (Part 3), returnable November 5, 2024PDF · Subscribers
Application Record (Part 4), returnable November 5, 2024PDF · Subscribers
Endorsement of Black, J., dated November 5, 2024
  • Presiding officer Justice Black
PDF · Subscribers
Initial Order, dated November 5, 2024
  • Commencement date 5 November 2024
  • Court SUPERIOR COURT OF JUSTICE
  • Court file no CV-24-00730634-00CL
  • Order date 5 November 2024
  • + 3 more extracted facts
PDF · Subscribers
Application Record (Part 1), returnable November 5, 2024
PDF · Subscribers
Factum, dated November 4, 2024
  • Counsel Torys LLP
PDF · Subscribers
Report of the Proposed Monitor, dated November 4, 2024
PDF · Subscribers

Filing titles and dates are public, and so is each filing's own page. The figures read from them are for subscribers.

CiteProceedings., “Innovere Medical Inc.” (CCAA), Ontario Superior Court of Justice · Commercial List. Retrieved 4 November 2026, https://proceedings.ca/case/innovere-medical-inc

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Sources last checked · summary updated 9 August 2026 · Report a correction · Printed from proceedings.ca/case/innovere-medical-inc

Facts and summaries are extracted automatically from the court filings linked on each page; the filings remain the authoritative record. Suggested corrections are reviewed against the source filings.

Innovere Medical Inc. — CCAA | Proceedings.