Groupe Sélection filed for a financial and operational restructuring under the Companies’ Creditors Arrangement Act, aiming to mitigate the impacts of the pandemic, inflation, and rising interest rates which have significantly affected its business. This restructuring, focusing on the construction, development divisions, and some management companies, is designed to ensure the group's growth and the continuation of services promoting residents' well-being for over 30 years. Despite these challenges, the company emphasized that the operations of its complexes and residences would remain unaffected. Groupe Sélection, a Quebec-based company with a 30-year history, is determined to maintain service quality for its residents and tenants, leveraging its expertise to support seniors, residents, tenants, and employees in leading active, healthy lives. The restructuring is seen not as a move towards bankruptcy but as a temporary measure to sustain investments in health and maintain its leadership in Quebec’s economic development. Réal Bouclin, the company's CEO, highlighted the company's commitment to its social mission of enhancing seniors' autonomy and promoting an active, healthy lifestyle among residents.