Quebec · CCAA
2025-10-24 Huitième rapport du Contrôleur (en anglais)
Court officer report · 24 October 2025
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What we verified from this filing12 verified
- secured creditorsnote: Confirmed it would not file conservation notices on EMG Shares transactions · page: 11 · debtor: Applicants (EMG/950 entities) · creditor: Investissement Québec · currency: CAD · security: Registered hypothecs on EMG Shares/entities
- secured creditorsnote: Confirmed it would not file conservation notices on EMG Shares transactions · page: 11 · debtor: Applicants (EMG/950 entities) · creditor: McKesson Canada · currency: CAD · security: Registered hypothecs on EMG Shares/entities
- secured creditorsnote: Confirmed it would not file conservation notices on EMG Shares transactions · page: 11 · debtor: Applicants (EMG/950 entities) · creditor: Placements SP · currency: CAD · security: Registered hypothecs on EMG Shares/entities
- unsecured creditorsnote: Priority portion subject to reserve of $250K (para 14(d)); other CRA claims are unsecured and will not lead to distribution; no determination made on unsecured portion · page: 12 · basis: Fiscal Authority Claims submitted August 25, 2025 under Distribution Order · debtor: Applicants · creditor: Canada Revenue Agency (CRA) · currency: CAD
- unsecured creditorsnote: Priority portion subject to reserve of $250K (para 14(d)); other RQ claims are unsecured and will not lead to distribution; no determination made on unsecured portion · page: 12 · basis: Fiscal Authority Claims submitted August 25, 2025 under Distribution Order · debtor: Applicants · creditor: Revenu Québec (RQ) · currency: CAD
- secured creditorsnote: Distributions made to NBC per Distribution Order; NBC receives residual amounts from multiple reserves (paras 14(a)-(h)); DIP Drawdown recorded as $23,104K distribution in cash flow table (page 13) · page: 13 · debtor: Applicants (Elna Medical Group Inc. et al.) · creditor: National Bank of Canada (NBC) · currency: CAD · security: DIP Facility (increased up to $8.0M) and DIP Charge (up to $9.6M); senior secured creditor
- unsecured creditorsnote: Preferred/priority claim class; to be remitted to trustee in bankruptcy; document names no individual employees · page: 15 · as of: Distribution Order, para. 14(c) · basis: Reserve under Distribution Order for employee priority claims · amount: 150000 · debtor: Applicants · creditor: Employee Priority Claims (aggregate) · currency: CAD
- secured creditorsnote: Norea Reserve amount per Distribution Order; agreement reached with NBC on distribution; $8,320K already distributed per cash flow actuals (page 13) · page: 16 · amount: 2000000 · debtor: Applicants · creditor: Norea · currency: CAD · security: Secured claim subject to Distribution Order reserve (para. 14(f))
- closing confirmedscope: the Medicentres transaction · outcome: completed · effective: 2025-04-30 · date basis: stated; scope: the EMG Shares transactions · outcome: completed · date basis: unstated
- process resultsbids: 6 · note: offers received for the EMG Shares under the EMG Process Letter · as of: 2025-07-31
- purchaserprice: sealed: false · scope: the Medicentres transaction · status: closed · name note: purchaser of the Medicentres transaction, unnamed · structure: subscription · name source: recital · relationship: unstated; price: sealed: false · scope: the Privamed Transaction · status: closed · name note: purchaser of Privamed, unnamed · structure: assets · name source: recital · relationship: unstated; price: sealed: false · scope: the m-Health Transaction · status: closed · name note: purchaser of the m-Health transaction, unnamed · structure: assets · name source: recital · relationship: unstated; price: sealed: false · scope: the CDL Transaction · status: closed · name note: purchaser of CDL, unnamed · structure: assets · name source: recital · relationship: unstated
- sale outcometext: completion of the SISP and closing of all CCAA Transactions and sale of all or substantially all of the Applicants' assets and businesses · scope: whole_business · status: closed