Quebec · CCAA
2024-12-10 Rapport du Contrôleur proposé (Annexe A amendée) (en anglais seulement)
Pre-filing report · 10 December 2024 · French
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 filing20 verified
- secured creditorsnote: Not related to the Applicants; identified as secured creditor of certain ELNA Group entities including LCM (not a CCAA Applicant); amount not stated · page: 9 · debtor: certain entities of the ELNA Group, including La Cité Médicale Inc. · creditor: Fiera · currency: CAD
- secured creditorsnote: Not related to the Applicants; amount not stated · page: 12 · debtor: ELNA Group entities (not Applicants) · creditor: K&S Financial Group Inc. · currency: CAD
- secured creditorsnote: Not related to the Applicants; individuals not named, amounts not stated · page: 12 · debtor: ELNA Group entities (not Applicants) · creditor: Certain individuals (unnamed) · currency: CAD
- secured creditorsnote: Not related to the Applicants; amount not stated · page: 12 · debtor: ELNA Group entities (not Applicants) · creditor: Les Placements SP Canada Inc. · currency: CAD
- secured creditorsnote: Not related to the Applicants; amount not stated · page: 12 · debtor: ELNA Group entities (not Applicants) · creditor: Crawford & Finchley Capital · currency: CAD
- secured creditorsnote: Not related to the Applicants; amount not stated · page: 12 · debtor: ELNA Group entities (not Applicants) · creditor: 143 Canada · currency: CAD
- unsecured creditorsnote: Preferred claim class (wages) under BIA; ranks ahead of ordinary unsecured; approximate figure · page: 12 · as of: 2024-12-09 · basis: As reported by Applicants as at December 9, 2024 · amount: 4900000 · debtor: ELNA Group (Applicants) · creditor: Salary and vacations payable (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Includes trade payables to physicians (Medicentres $2,225K, M-Health $572K, Qc Clinics $288K, Other $40K), professional fees $2,921K, clinic construction costs $2,965K, rent $3,325K, other trade payables $9,661K, accrued liabilities $1,002K, and salaries and vacations payable $2,349K; components stated, not summed by us · page: 12 · as of: 2024-08-31 · basis: Reviewed financial statements / consolidated accounts payable and accrued liabilities table · amount: 25347000 · debtor: ELNA Group (Applicants) · creditor: Trade payables and accrued liabilities (aggregate as reported) · currency: CAD
- unsecured creditorsnote: Approximate figure ('would total approx. $24 million'); no individual creditors named · page: 12 · as of: 2024-11-30 · basis: Preliminary information as at November 30, 2024 · amount: 24000000 · debtor: ELNA Group (Applicants) · creditor: Trade payables (aggregate as reported, updated estimate) · currency: CAD
- unsecured creditorsnote: Deemed trust / regulatory-type claims; includes GST/QST approx. $654K, corporate income tax approx. $4.4M, and Quebec fonds des services de sante employer contribution approx. $485K; approximate ('would total approx.') · page: 12 · as of: 2024-11-30 · basis: Preliminary information as at November 30, 2024 · amount: 5500000 · debtor: ELNA Group (Applicants) · creditor: Tax authorities (aggregate, deemed trust class) · currency: CAD
- secured creditorsnote: First-ranking secured creditor of all Applicants' assets; also DIP lender · page: 13 · as of: 2024-08-31 · amount: 41025000 · debtor: ELNA Group (Applicants) · creditor: National Bank of Canada (NBC) · currency: CAD · security: First-rank security on all assets of the Elna Group; includes Bank indebtedness and overdraft $6,395K, Term loan - EMG $22,337K, Term loan - m-Health $12,293K
- secured creditorsnote: Not related to the Applicants per para 5.11 · page: 13 · as of: 2024-08-31 · amount: 6148000 · debtor: ELNA Group (Applicants) · creditor: Norea · currency: CAD
- secured creditorspage: 13 · as of: 2024-08-31 · amount: 2223000 · debtor: ELNA Group (Applicants) · creditor: IQ · currency: CAD
- secured creditorsnote: Individual secured creditor · page: 13 · as of: 2024-08-31 · amount: 2010000 · debtor: ELNA Group (Applicants) · creditor: Jason Rabin · currency: CAD
- secured creditorspage: 13 · as of: 2024-08-31 · amount: 427000 · debtor: ELNA Group (Applicants) · creditor: RBC · currency: CAD
- secured creditorspage: 13 · as of: 2024-08-31 · amount: 344000 · debtor: ELNA Group (Applicants) · creditor: BDC · currency: CAD
- secured creditorsnote: Approx. $800,000 of the $2.8 million was injected into cash flow; amount is the new loan facility, not a balance as of a specific date · page: 13 · as of: since 2024-08-31 · amount: 2800000 · debtor: ELNA Group (Applicants) · creditor: La Corporation McKesson · currency: CAD · security: New secured loan contracted since August 31, 2024
- unsecured creditorsnote: Related to collections from governmental authorities not yet paid to doctors; secured post-filing by proposed MRP Charge, was unsecured pre-filing · page: 18 · as of: date of report (December 10, 2024) · basis: As reported by management · amount: 1600000 · debtor: Medicentres Canada Inc. · creditor: Medicentres doctors (accounts payable, pre-filing portion secured by MRP Charge) · currency: CAD
- unsecured creditorsnote: Pertains to accounts receivable expected to be collected post-filing; to be paid upon collection · page: 18 · as of: date of report (December 10, 2024) · basis: As reported by management · amount: 2000000 · debtor: Medicentres Canada Inc. · creditor: Medicentres doctors (accounts receivable dependent portion) · currency: CAD
- unsecured creditorsnote: Projected to be paid in usual course; approximate figure · page: 19 · as of: date of report (December 10, 2024) · basis: As reported by management · amount: 610000 · debtor: ELNA Group (Applicants, excluding Medicentres) · creditor: ELNA Group Doctors (aggregate as reported) · currency: CAD