OnCure Can Seek Votes For Ch. 11 Plan, $125M Sale

Law360, Wilmington (August 21, 2013, 5:06 PM EDT) -- A Delaware bankruptcy judge on Wednesday approved OnCure Holdings Inc.'s Chapter 11 disclosure statement, allowing the private equity-owned network of oncology treatment centers to solicit votes for a plan that includes its $125 million sale to a competitor.

Colorado-based OnCure and its affiliates entered court protection June 14 in the face of a cash crunch brought on by declining Medicare and Medicaid reimbursements, and soon after announced Radiation Therapy Services Holdings Inc. had been brought on board as a $125 million stalking horse.

OnCure scrapped a...
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