OnCure Gets Green Light For Reorganization Plan, $125M Sale

Law360, Wilmington (October 3, 2013, 8:41 PM EDT) -- A Delaware bankruptcy judge on Thursday confirmed OnCure Holdings Inc.'s Chapter 11 plan, a reorganization that calls for a $125 million sale of the private equity-owned company and its network of oncology treatment centers to Radiation Therapy Services Holdings Inc.

U.S. Bankruptcy Judge Kevin Gross overruled a pair of objections and gave his blessing to the plan, under which RTS will acquire all the equity in a reorganized OnCure.

Senior secured noteholders, the lone creditor class eligible to vote, were “overwhelmingly in favor of the plan,”...
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