April 1, 2022
The Institute of Wellness and Advanced Aesthetics Ltd., 1608309 Alberta Ltd., Mount Royal Surgical Centre Inc., a group of Calgary, Alberta-based companies that collectively operated a plastic surgery clinic, were placed in receivership on April 1. BMO extended credit facilities to the companies in 2019. As at March 2, the clinic was indebted to BMO for $2,246,056.33 plus interest, costs and legal fees. A&M was appointed receiver. Counsel is Burnet, Duckworth & Palmer for BMO.
By Dina Milivojevic