Dr. Réjean Thomas’ L’Actuel Clinic, a prominent healthcare facility in Montreal, has filed for bankruptcy protection under the Bankruptcy and Insolvency Act. This decision was taken amid mounting debts, exceeding $1.6 million owed to various creditors.
Details of the Bankruptcy Filing
The bankruptcy notice was submitted by the Allard Bisson trustee office in Laval. According to the filed documents, the clinic owes $413,000 to Revenu Québec and an additional $317,000 to the federal government.
Financial Challenges
The primary reason for the clinic’s financial struggles, as stated by Dr. Thomas, is the rising costs of operations. Despite these challenges, Dr. Thomas affirmed that the clinic will remain open for the time being.
History of L’Actuel Clinic
Founded in 1984, L’Actuel Clinic specializes in treatment for sexually transmitted infections (STIs) and provides ongoing care for HIV patients. It was established by a group of physicians, including Dr. Thomas, who has been a vocal advocate for HIV awareness throughout his career.
Location and Expertise
Located in the heart of Montreal’s Village area, the clinic has built a reputation for its research capabilities and comprehensive care. In 2006, Dr. Thomas founded a charitable foundation aimed at securing donations to support the clinic’s mission.
Previous Crises and Current Debts
In 2016, L’Actuel faced another crisis when ten physicians departed, yet the clinic successfully continued serving its patients. Currently, among its creditors, the clinic owes over $500,000 to BMO and $85,000 to MediSolution, a company providing management software.
Next Steps
The first creditors’ meeting is scheduled for February 27, where further developments regarding the clinic’s financial situation will be discussed. Dr. Thomas has chosen to keep comments to a minimum, stating that financial matters are being handled by his financial director.
- Clinic Name: L’Actuel Clinic
- Founder: Dr. Réjean Thomas
- Founded: 1984
- Location: Montreal, Village area
- Total Debt: Over $1.6 million
- Key Creditors:
- BMO: Over $500,000
- MediSolution: $85,000
- First Creditors’ Meeting: February 27
For further updates and information on this situation, please stay tuned to El-Balad.
