Medical Pharmacies Group Limited
Follow- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3027503
Medical Pharmacies Group Limited made an assignment in bankruptcy under section 49 of the Bankruptcy and Insolvency Act, with the date of bankruptcy recorded as January 5, 2024, at 10:20 (court file no. 31-3027503); Grant Thornton Limited was appointed trustee. A Statement of Affairs as at January 4, 2024, reported total assets of $41,840,932.58 against total liabilities of $303,446,743.06, a stated deficiency of $261,605,810.48. CIBC Bank held a claim of $253,051,313.00, secured by cash, securities and accounts receivable, with a balance of $211,210,380.42 also listed among unsecured claims. Clearspring Medical Pharmacies LP is listed as both a secured and unsecured creditor for $45,654,000.00, secured by 'Securities - Other' valued at $0.00.
A claims procedure has been established — see the order for deadlines.
The date and time of bankruptcy is recorded as January 5, 2024, at 10:20.
Source: Certificate of Appointment.pdf
Medical Pharmacies Group Limited made an assignment in bankruptcy on January 4, 2024.
Source: Statement of Affairs.pdf
Undated filings1 — no date appears on the document · show
Debtor
Medical Pharmacies Group Limited
Trustee in bankruptcy
Doane Grant Thornton
| # | Priority class | Creditor | Amount | Source |
|---|---|---|---|---|
| 4 | Secured | CIBC BankAmount of claim 253,051,313.00; security particulars: Cash on Hand - Cash 41,684,522.54; Securities - Other 134,408.04; Debts Due - Business - Accounts Receivables 22,000.00; Other - Pre-1954 Charter, Additional Consideration from OMS Transaction 2.00 — Balance of claim per List B as at date of bankruptcy — debtor: Medical Pharmacies Group Limited · as of 4 Jan 2024 | $211M | Statement of Affairs.pdf |
| 4 | Secured | Clearspring Medical Pharmacies LPSecurities - Other; estimated value of security 0.00 — Balance of claim equals amount of claim; related entity name suggests possible related-party but not stated — debtor: Medical Pharmacies Group Limited · as of 4 Jan 2024 | $45.7M | Statement of Affairs.pdf |
| 8 | Unsecured | CIBC BankBalance of claim (deficiency after security) per List A; also listed as secured creditor with balance of claim 211,210,380.42 in List B — debtor: Medical Pharmacies Group Limited · as of 4 Jan 2024 | $211M | Statement of Affairs.pdf |
| 8 | Unsecured | Clearspring Medical Pharmacies LPBalance of claim shown; also listed as secured creditor in List B with same amount — debtor: Medical Pharmacies Group Limited · as of 4 Jan 2024 | $45.7M | Statement of Affairs.pdf |
| 8 | Unsecured | Edward Jamieson c/o Aird & Berlis LLPdebtor: Medical Pharmacies Group Limited · as of 4 Jan 2024 | $2.49M | Statement of Affairs.pdf |
| 8 | Unsecured | 300-306 Town Centre Boulevard Limited Partnershipdebtor: Medical Pharmacies Group Limited · as of 4 Jan 2024 | $2.25M | Statement of Affairs.pdf |
As at 4 Jan 2024 · per Statement of Affairs (Business Bankruptcy) as stated and estimated by the officer · Medical Pharmacies Group Limited (single entity) — Total liabilities includes total unsecured creditors 261,605,811.48 plus secured creditors 41,840,931.58 plus preferred creditors 0.00 plus contingent/trust claims 0.00; deficiency stated as 261,605,810.48
| Date | Document | File |
|---|---|---|
| Form 68-Notice of Bankruptcy dated January 8, 2024.pdf | ||
Certificate of Appointment.pdf
| ||
Statement of Affairs.pdf
| ||
Proof of Claim.pdf
| ||
| Proxy.pdf | ||
Filing titles, dates, and extracted key facts are public.
CiteProceedings., “Medical Pharmacies Group Limited” (Bankruptcy). Retrieved 20 September 2026, https://proceedings.ca/case/medical-pharmacies-group-limited