Seymour Health Centre Inc.

Seymour Health Centre Inc. is in court-appointed receivership in the Supreme Court of British Columbia, file S-234171, with Ernst & Young Inc. acting as Receiver and Manager under an order made June 26, 2023 on the application of Vancouver Coastal Health Authority. The appointment was sought under section 243(1) of the Bankruptcy and Insolvency Act, section 39 of the Law and Equity Act, section 66 of the Personal Property Security Act and Rule 10-2(1) of the Rules of Court. Management's unaudited statements put entity-level assets at $11,987,806 as at April 30, 2023 at net book value, fair market value not yet assessed. Per company records at the receivership date, creditors total $8,266,769.34, comprising Vancouver Coastal Health Authority's secured claim of $5,111,753.52 and unsecured claims of $3,155,015.82. The receivership remains active.