Bad news for the Manitoba Clinic, a pile of doctors are leaving:
https://www.winnipegfreepress.com/br...-deal-critical
Quote:
Doctors are fleeing Manitoba’s largest private medical clinic as the desperate facility continues to seek provincial help to avoid financial collapse.
Manitoba Clinic will lose 20 physicians between now and April, leaving only 36 expected to remain in practice there, according to the first report from the insolvency firm that’s been court-ordered to monitor the Winnipeg clinic’s financial operations during ongoing creditor-protection proceedings.
There is a critical need for the clinic to continue trying to reach a mutually beneficial agreement with the provincial government, and to retain its doctors, the monitor’s report states.
|
It's unfortunate, because it sounds like the docs took a gamble and lost... it probably won't do anything to encourage more such ventures. But I don't see why the province should necessarily bail them out. If there's a distressed asset on the market, let the province buy it at a discount.