This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.
On March 23, 2012, PCAS Patient Care Automation Services Inc. and 2163279 Ontario Inc. conducting business as Touchpoint (collectively, the "Applicants") made an application for an order for protection under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”) for:
On March 23, 2012, the Court granted an initial order (the “Initial Order”) pursuant to the CCAA granting the relief sought and staying all proceedings against the Applicants until April 21, 2012, or such later date as the Court may order (the “Stay Period”).
PricewaterhouseCoopers Inc. (“PwC”), in its capacity as court appointed Monitor of:
PCAS Patient Care Automation Services Inc. (“PCAS”)
is assisting PCAS with a sales and investor solicitation process seeking interested parties to acquire the business and assets of PCAS. PCAS is a healthcare technology company that has developed and is commercializing a unique, automated pharmacy dispensing system. PCAS’s head office is based in Oakville, Ontario. For further information regarding the CCAA restructuring and PCAS, please refer to www.pwc.com/car-pcas/. The deadline for submission of offers is on May 24, 2012.
To obtain detailed information on PCAS and its business and assets, interested parties will be required to sign a confidentiality agreement. For additional information concerning PCAS and the sale process, please contact:
Rozanne Kibel of the Monitor
Telephone No: 1 416 814 5849
View the information under the “Sales & Investor Solicitation Process” tab for complete details.
On June 8, 2012, pursuant to Order of the Court dated June 6, 2012 the Monitor's Certificate was filed with the Court.
Pursuant to an Order dated June 6, 2012, PwC was discharged as Monitor of the Applicants.
On June 6, 2012, the Court granted an order that:
On the same day, the Court granted an order:
Copies of the complete Orders and Endorsement of Justice Brown have been posted under the Court Orders tab.
On June 1, 2012, the Monitor filed its Seventh Report with the Court to:
On June 5, 2012, the Applicants will make a motion for an order for the above.
On May 28, 2012, the Monitor filed its Sixth Report to:
On May 28, 2012, the Applicants will make a motion for an Order:
A motion was heard on May 28, 2012 and an Order for the above was granted by the Court.
On May 14, 2012, the Court issued an order approving (i) the Monitor’s Fifth Report, (ii) the Applicants request to increase the limit under the DIP Facility to $6,000,000, and (iii) the expedited SISP, as detailed in the Fifth Report. The Court did not approve the Applicant’s request for an amendment to the May 7 Order at this time.
On May 11, 2012, the Monitor prepared its Fifth Report to:
On May 7, 2012, the Monitor filed its Fourth Report to
The motion record was heard on May 7, 2012 and an Order was approved by the Court as above, except the DIP Facility was increased to $5,350,000.
On May 3, 2012, the Court issued an Order approving the Third Report of the Monitor, extending the Stay Period to May 8, 2012 and amending the Initial Order to authorize the Applicants’ to increase their borrowings to $4,525,000.
On May 3, 2012, the Monitor filed its Third Report to the Court to
The motion record of the Applicants was also filed on May 3, 2012, to be heard on May 3, 2012.
On April 20, 2012 the Applicants made a motion for an order:
On April 19, 2012, the Monitor filed its Second Report with the Court to provide the Court with details of the Monitor's activities since April 16, 2012 and information relating to the Applicant's motion. The motion was heard on April 20, 2012 and an order was issued by the Court approving the above.
On April 16, 2012, the Court issued an Order:
On April 15, 2012, the Monitor prepared its First Report to the Court to provide the Court with:
a) A summary of the following:
b) Recommend that the Court issue an order:
The motion record of the Applicants was also filed on April 15, 2012. A motion will be heard on April 16, 2012.
A Notice to the Creditors was mailed on March 27, 2012, to all known creditors, including employees.
|Notice to the Creditors dated March 27, 2012|
|Trade Creditors Listing|
|Revised Employee Listing|
This Web site will be updated as information becomes available.
For more information, please contact: Donna Smith, Telephone: +1 416 941 8383 ext 14288, or via Email.