Ontario · CCAA
Seventh Report of the Monitor dated May 13, 2026.pdf
Court officer report · 13 May 2026
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What we verified from this filing9 verified
- cash on handnote: The Monitor states it anticipates sufficient cash on hand but does not give a figure. · currency: CAD · qualifier: sufficient
- closing confirmedscope: the Purchased Shares of Pier Health Resource Centre Ltd. · outcome: completed · purchaser: Green Room Investments Inc. · date basis: unstated · approval order date: 2025-08-21; scope: the Purchased Shares of SRX Health Solutions (Canada) Inc. · outcome: completed · purchaser: PurposeMed Inc. · date basis: unstated · approval order date: 2025-08-21
- fee scheduleengagements: form: prose · rows: · money: approximate: false · period: end: 2026-05-08 · kind: invoice · label: Statement of Account · quote: services rendered to the Monitor for the period from October 1, 2025 through May 8, 2026 (the ' Statement of Account ') · start: 2025-10-01 · approval: state: unstated · averages: rate: 628.02 · quote: The Billing Summary indicates an average hourly rate of $628.02. · currency: · invoices: · firm text: Cozen O'Connor LLP · firm quote: I am an Associate with the law firm Cozen O'Connor LLP (" Cozen O'Connor ") · context quote: Attached hereto as Exhibit 'A' is a true copy of the statement of account of Cozen O'Connor in respect of services rendered to the Monitor for the period from October 1, 2025 through May 8, 2026 (the ' Statement of Account ').
- operational summaryAll planned sale transactions in the SRx Group's CCAA sale process have closed and operations have been wound down with no remaining employees; the parent company's CEO continues to assist with remaining distribution matters.
- professional feesnote: Inclusive of disbursements and applicable taxes of $41,057.70; excludes the Monitor's Final Fees estimated up to $60,000 plus HST; Cozen O'Connor (Monitor's counsel) fees separately total $128,222.93 inclusive of disbursements $303.12 and taxes $14,751.34, plus estimated Cozen's Final Fees up to $30,000 plus HST; MLT Aikins fees of $12,050.16 included in Cozen's Final Fees reserve. · party: Monitor (Grant Thornton Limited) · amount: 356886.18 · period: October 1, 2025 to April 21, 2026 · currency: CAD
- purchaserGreen Room Investments Inc.; PurposeMed Inc.
- report date13 May 2026
- report noSeventh Report
- sale outcometext: A listing of all locations of the SRx Group that have been acquired by various purchasers within the Sale Process and approved by the Court · scope: whole_business · status: closed