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GenesisCare files for Chapter 11 bankruptcy, seeks to offload U.S. operations

by Editor June 1, 2023, 10:37 pm 1.7k Views

GenesisCare files for Chapter 11 bankruptcy, seeks to offload U.S. operations

Cancer treatment provider GenesisCare filed for Chapter 11 bankruptcy protection in the Southern District of Texas on Thursday and looks to sell its underperforming U.S. operations.

Sydney, Australia-based GenesisCare said in a news release it is restructuring the business, including $1.7 billion in debt, to separate U.S. operations from those in Australia, Spain and the U.K.

The company, which has more than 300 locations worldwide and more…

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