Medical Pharmacies Group Limited
- Proceeding
- Bankruptcysection 49 of the Bankruptcy and Insolvency Act
- File
- 31-3027503
- Industry
- Health care · Pharmacies
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.
Certificate of Appointment.pdf was filed. Court file 31-3027503.
Source: Certificate of Appointment.pdf
Medical Pharmacies Group Limited made an assignment in bankruptcy on January 4, 2024.
Source: Statement of Affairs.pdf
Undated filings2 — 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 Bank · in 2 casesAmount 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 | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured | |||
| 8 | Unsecured |
5 more claims in 2 classes The stack holds Secured and Unsecured claims.
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The 2 totals the debtor stated at filing
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See all plans| Date | Document | File |
|---|---|---|
| Form 68-Notice of Bankruptcy dated January 8, 2024.pdf | PDF · Subscribers | |
Certificate of Appointment.pdf
| PDF · Subscribers | |
Statement of Affairs.pdf
| PDF · Subscribers | |
Proof of Claim.pdf
| PDF · Subscribers | |
| Proxy.pdf | 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., “Medical Pharmacies Group Limited” (Bankruptcy). Retrieved 4 November 2026, https://proceedings.ca/case/medical-pharmacies-group-limited