Ontario · Proposal
Trustee’s Third Report to Court dated March 21, 2018.pdf
Court officer report · 21 March 2018
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing6 verified
- cash on handnote: Cash position at the commencement of the June Cash Flow period; the June Cash Flow Projection estimates net cash flow of approximately $237,000 by June 22, 2018. · as at: 2018-03-09 · amount: 1200000 · currency: CAD · qualifier: approximately
- operational summaryBella continues operating as a long-term care facility during the NOI proceedings; the MOHLTC lifted the suspension of admissions effective March 5, 2018, and Bella resumed accepting about five new residents per week from March 9, while a sale process with an exclusive bidder negotiating an APA is under way.
- report date21 March 2018
- report noThird Report
- sale advisorGrant Thornton Corporate Finance Inc.
- sale outcometext: Bella is currently in discussions with the Exclusive Bidder to negotiate the terms of an APA; the APA remains conditional on Court and MOHLTC approval · scope: whole_business · status: pending_approval