California Proton Treatment Center

• 3/1/17 Recap: The San Diego-based proton radiation treatment center is the latest treatment center to file for bankruptcy. It opened in February '14 and managed to be very successful...at bleeding cash from the get-go. Now, the company hopes to achieve a sale in bankruptcy with the help of a $32mm DIP credit facility (of which only half is new money). 
• Jurisdiction: D. of Delaware
• Capital Structure: ~$180mm first lien debt (ORIX Capital Markets)    
• Company Professionals:
  • Legal: Locke Lorde LLP (David Wirt, Aaron Smith, Phillip Nelson, Brian Raynor) & (local) Polsinelli PC (Christopher Ward, Justin Edelson)
  • Financial Advisor: Carl Marks Advisory Group (J. Jette Campbell)
• Other Parties in Interest:
  • ORIX Capital Markets
    • Legal: Milbank Tweed Hadley & McCloy (Gregory Bray, Haig Maghakian) & (local) Richards Layton & Finger (Mark Collins, Brett Haywood)

Updated 3/2/17