GenesisCare files for bankruptcy in US with plans to refocus UK business

KKR-backed cancer care provider GenesisCare has filed for bankruptcy protection in Texas, with plans to sell its unprofitable US operations and refocus its businesses in the UK, Australia and Spain. The Sydney-based group has secured additional funding of US$200m for existing lenders to support its operations while ‘financially restructuring and reorganising the business’. It is not yet…

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