Seymour Health Centre Inc., which operates three healthcare clinics in Vancouver, British Columbia, was placed in receivership on June 26, 2023, on application by the Vancouver Coastal Health Authority (“VCH”). Seymour operates two clinics pursuant to services agreements with VCH, whereby VCH provides funding to Seymour to operate the clinics for specified urgent primary care services. Seymour’s financial difficulties began in 2019 and were caused by, among other things, an inability to generate positive cash flows to meet obligations as they generally became due, without continued and sustained funding from VCH. EY was appointed Receiver. Nathanson Schachter & Thompson is counsel for VCH, and Poulus Ensom Smith is counsel for Seymour.

By: Dina Milivojevic