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Children's Clinic operator says Brunswick Medical Centre won't suffer the same fate

Children's Clinic operator says Brunswick Medical Centre won't suffer the same fate

CTV
Monday, January 29, 2024 05:24:13 AM UTC

After the sudden closure of the Children's Clinic in Montreal earlier this week, there are growing concerns about the future of another clinic -- the Brunswick Medical Centre -- operated by the same company.

After the sudden closure of the Children's Clinic in Montreal last week, there are growing concerns about the future of another clinic operated by the same company.

The Brunswick Health Group runs a clinic of the same name -- the Brunswick Medical Centre -- in Pointe-Claire.

The clinic is a busy place, visited by roughly 300,000 patients a year. Despite this, its operator is deeply in debt.

"There's about $42 million of secured debt. And that's the main reason of their financial difficulty, is that they're not able to pay their debt," said Ayman Chaaban, a court-appointed insolvency trustee working to restructure the Brunswick Health Group.

He says a deal is in place with another operator to buy the Brunswick Medical Centre. The transaction is expected to be finalized in the coming weeks.

"That potential purchaser, basically, is going to take over and operate the clinic," Chaaban explained.

A source confirmed to CTV News that the buyer is ELNA Medical Group.

Read full story on CTV
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