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- Résidence Floralies Lachine Inc. et al., Receivership
Résidence Floralies Lachine Inc. et al., Receivership
Résidence Floralies Lachine Inc. et al., the owners and operators of two private seniors’ residences and long-term care centers in Montréal, Québec, were placed in receivership on July 21, 2023, on application by TD Bank, owed approximately $76 million. In September 2022, following an investigation commissioned by the Quebec Health and Social Services Minister which revealed alleged elder neglect and abuse in the residences, the companies were placed under provisional administration by the Minister in order to improve the care and services offered to the residents. Provisional administration continued in the months leading up to the receivership. PwC was appointed Receiver, represented by Osler. BLG is counsel for TD Bank.
By: Dina Milivojevic