WI Brunswick Medical on shaky ground with mounting debt

By Chelsey St-Pierre

West Island residents are concerned about the future of one of its busiest medical clinics, serving an average of 300,000 patients annually. The concern about the fate of the Pointe-Claire Brunswick Medical Clinic was triggered when the Brunswick Health Group closed its Children’s Clinic in Montreal last week due to a reported a $42 million of debt.

It is now restructuring under Creditors Companies Arrangement Act (CCAA) protection. According to reports, ELNA Medical Group is a “confirmed” potential buyer for the Brunswick Medical Clinic once restructuring occurs.

The court appointed Ayman Chaaban as insolvency trustee to restructure the company. “Despite Brunswick’s heavy debt, this is not a bankruptcy,” he told media. “That potential purchaser, basically, is going to take over and operate the clinic.”

According to Chaaban, the Brunswick Medical Centre is expected to stay open despite what he calls the “restructuring process”. “This is not a bankruptcy,” he stated.

The CEO of the Brunswick Health Group, Vince Trevisonno, says the clinic’s revenues were heavily affected by the COVID pandemic and inflation.

He stated that he is confident that the clinic’s operations will remain at status quo despite the financial turmoil in the background.

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