Major bankruptcy filing leaves 100s of Americans scrambling for healthcare & traveling for surgeries after centers shut

A major cancer treatment company has filed for bankruptcy.

GenesisCare filed for bankruptcy protection Thursday to sell its business.

GenesisCare has filed for bankruptcy

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GenesisCare has filed for bankruptcyPhoto credit: Google Maps
The bankruptcy leaves hundreds struggling to get cancer treatment

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The bankruptcy leaves hundreds struggling to get cancer treatmentPhoto credit: Google Maps

The healthcare company plans to exit its US operations and focus on Australia, Spain and the UK.

During the bankruptcy process, doctors and patients are looking for new care centers.

In western North Carolina, physicians estimated that GenesisCare physicians performed 80 percent of the region’s oncology surgeries.

Colin Bird, a surgeon with GenesisCare, estimates that doctors in the system see 300 new patients a month.

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At this particular facility in Asheville, North Carolina, all 15 surgeons were fired.

The Australia-based company entered the US market in 2020 by purchasing 21st Century Oncology.

However, this merger left the company with high levels of debt and was unprofitable.

Already an unprofitable company, 21st Century Oncology filed for bankruptcy in 2017 before being acquired by GenesisCare.

GenesisCare will attempt to sell the company to recoup some of its losses. They filed for bankruptcy with $1.7 billion in debt.

“GenesisCare’s U.S. business has great potential, with outstanding physicians, valuable payer relationships, high patient satisfaction and a desirable U.S. presence,” GenesisCare U.S. President Shaden Marzouk said in a statement.

Aila Slisco

Aila Slisco is a Dailynationtoday U.S. News Reporter based in London. His focus is on U.S. politics and the environment. He has covered climate change extensively, as well as healthcare and crime. Aila Slisco joined Dailynationtoday in 2023 from the Daily Express and previously worked for Chemist and Druggist and the Jewish Chronicle. He is a graduate of Cambridge University. Languages: English. You can get in touch with me by emailing: ailaslisco@dailynationtoday.com.

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