Troubled Australian integrated cancer care provider GenesisCare will file for bankruptcy in the United States, but has secured another $US200 million ($307 million) in new financing to help keep its operations afloat globally.
The company owned by PE giant KKR, China Resources and doctors and management will seek to corral and separate the US business from its global operations, as part of the turnaround, it said.
In March GenesisCare announced the departure of its founder and CEO Dan Collins, as it struggled under a significant $2 billion debt load.
GenesisCare founder and CEO, Dan Collins, left in March. James Alcock
The group which was founded in Brisbane but now spans US, Spain, and the Un…
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