Bankrupt Oncology Centers Reveal $125M Offer On The Table

Law360, New York (June 24, 2013, 5:46 PM EDT) -- Cancer treatment provider Radiation Therapy Services Holdings Inc. on Monday was revealed to be the $125 million mystery bidder for private equity-owned OnCure Holdings Inc., one of the nation’s largest networks of radiation oncology treatment centers that began its stint in bankruptcy just days ago.

OnCure and its 22 affiliates filed for Chapter 11 protection June 17, telling a federal judge in Delaware that a drop in Medicare and Medicaid reimbursements forced the network into debt trouble.

Monday’s stalking horse bid — which OnCure foreshadowed in prior court...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.