Quebec · CCAA
2025-06-05 Cinquième rapport du Contrôleur (en anglais)
Court officer report · 5 June 2025
A plain-language read of this filing opens with a subscription.
What we verified from this filing10 verified
- secured creditorsnote: Interim/DIP lender; balances not stated as a fixed figure in these pages; $0.75M in capital remained to be reimbursed on DIP as of report date · page: 5 · debtor: Applicants (including m-Health) · creditor: National Bank of Canada (NBC) · currency: CAD · security: DIP Charge (increased over time up to $9.6M); DIP Facility increased up to $8.0M; described as principal secured creditor
- secured creditorsnote: Expected to be paid in full from m-Health purchase price upon closing · page: 7 · debtor: m-Health Solutions Inc. · creditor: Norea · currency: CAD · security: Security interest, validity and enforceability confirmed by legal opinion
- secured creditorspage: 13 · debtor: Gestion Privamed Inc. · creditor: BDC · currency: CAD · security: Secured creditor on the Brossard Building and Boucherville Building
- secured creditorsnote: Ranks behind ABI per RPMRR registration order · page: 17 · debtor: 9508503 Canada Inc. · creditor: Investissement Québec · currency: CAD · security: Registered security against 950 (unspecified)
- secured creditorsnote: Publication at RPMRR predates Investissement Québec and NBC registrations against 950, giving ABI priority ranking on the Dix30 Shares per Monitor's counsel opinion; delivery/control evidence under Section 2714.2 C.c.Q. not included in ABI's application · page: 17 · debtor: 9508503 Canada Inc. ("950") · creditor: ABI USA Investments Inc. · currency: CAD · security: Hypothecary right / share pledge agreement over Dix30 Shares held by 950 in Clinique Santé DIX30 Inc.
- secured creditorsnote: Issued Section 244 B.I.A. notices against these three non-Applicant entities; EMG holds shares in these entities in various proportions · page: 19 · debtor: ELNA Esthétique Clinique A Inc., ELNA Santé Sexuelle Inc., Clinique Médicale ELNA St-Mathieu-de-Beloeil Inc. (non-Applicants) · creditor: Royal Bank of Canada (RBC) · currency: CAD · security: Hypothecary right (judicial sale) under the Civil Code of Québec
- secured creditorsnote: Sought and obtained appointment of PwC as receiver on May 27, 2025; little to no expected equity available to other creditors for this building · page: 19 · debtor: Gestion Elna Pierrefonds Inc. (non-Applicant) · creditor: Laurentian Bank of Canada (LBC) · currency: CAD · security: First-ranking secured creditor on building owned by Gestion Elna Pierrefonds Inc.
- closing confirmedscope: the Medicentres transaction · outcome: completed · effective: 2025-04-30 · date basis: stated
- purchaserprice: sealed: false · scope: the Medicentres transaction · status: closed · name note: purchaser of Medicentres (Medicentres Canada Inc.), transaction closed via subscription agreement · structure: subscription · name source: recital · relationship: unstated; price: sealed: false · scope: the m-Health Transaction · status: approved · name note: purchaser of m-Health Solutions Inc., transaction pending closing · structure: assets · name source: recital · relationship: unstated; price: sealed: true · scope: CDL and Some Québec Medical Clinics Assets and Business · status: proposed · name note: successful Phase 3 bidder for CDL and Some Québec Medical Clinics Assets and Business, unnamed, transaction in negotiation · structure: assets · name source: recital · relationship: unstated
- sale outcometext: Update on the SISP and status of Medicentres, m-Health, Privamed and Phase 3 transactions · scope: whole_business · status: pending_approval