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On November 5, 2024, Innovere Medical Inc. was granted Companies' Creditors Arrangement Act (CCAA) protection by the Ontario Superior Court, with Ernst & Young Inc. appointed as Monitor. On November 15, 2024, the Court approved an amended order and a sale and investment solicitation process (SISP). The SISP, managed by the Monitor, invites bids for Innovere’s business or assets, with binding offers due by December 16, 2024.
Parties
Company
Innovere Medical Inc.
Company
Ernst & Young Inc.
Company
Hawk Capital (Canada) Inc.
Company
BDC Capital Inc.
Company
ESFC Funding Co., LLC
Company
Siemens Healthineers AG
Deal Type
OtherIndustry
HealthcareTransaction
Undisclosed/ConfidentialDeal Status
ActiveClosing Date