Proton Treatment Centers’ $87 Million Bankruptcy Sales Approved

Bankrupt proton cancer treatment center operator MTPC LLC won court approval for three separate asset sales worth a total of $87 million.

Judge Randal S. Mashburn signed orders approving the deals Tuesday, following weeks of negotiations among MTPC, creditors, and the purchasing parties over the transition of assets.

Having sold substantially all its assets, the company is now positioned to wrap up its Chapter 11 proceedings.

Tennessee-based MTPC LLC and its affiliates—the Proton Therapy Center and PCPT Hamlin LLC—filed bankruptcy in the U.S. Bankruptcy Court for the Middle District of Tennessee in December 2020, citing lower reimbursement rates and ...