Edmonton dental clinic chain goes into receivership after defaulting on loans

Dental clinic chain closed A local dental clinic has closed after it apparently failed to make loan payments.

EDMONTON — An Edmonton dental clinic chain has unexpectedly gone into receivership after it apparently failed to make loan payments.

Seven Infinity Group dental clinics were closed Monday with notices of receivership posted on their front doors.

The locations are:

Companies can go into receivership if they default on loan payments, allowing creditors to recover outstanding money by liquidating assets or selling a business.

"As a result of this order, the Receiver is taking possession of the assets, property, and undertakings of the Infinity Group, including the Infinity Dental Clinics, and evaluating its options with respect to continuing to provide services at the Infinity Dental Clinics during the receivership process," the notice read.

PricewaterhouseCoopers Inc., the court-appointed receiver, is also establishing a process for access to patient records.

The clinics will be monitored to ensure assets aren't removed without the approval of the receiver, according to the notice.

CTV News Edmonton has reached out to PricewaterhouseCoopers for more information.