A proton therapy cancer treatment company based in Tennessee filed for Chapter 11 bankruptcy protection on Tuesday, affecting about $358 million of municipal bond debt.
The Proton Therapy Center LLC, doing business as Provision CARES Proton Therapy Knoxville, filed for bankruptcy in U.S. Bankruptcy Court for the Middle District of Tennessee. It requested joint administration of its case with other Provision CARES proton therapy center operators, PCPT Hamlin LLC and MTPC LLC. The companies have tapped the muni market several times to build cancer treatment centers in Tennessee and Florida.
The Proton Therapy Center says on its website that it ...
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