California Proton Treatment Center

Summary

Chief Restructuring Officer

San Diego, CA

Operates a 100,000 square foot, freestanding, state-of-the-art proton therapy facility with three gantry and two fixed beam rooms w/ pencil beam scanning technology

Center was developed as part of a national network of Proton Therapy Centers. The Center failed to achieve the utilization assumed in the financing models and as a result operating for years without ever achieving break-even free cash flow until ultimately filing for bankruptcy with $180MM+ in debt

Key Challenges

Limited Liquidity

Bankruptcy Sale

Under Utilization of Assets

Engagement Highlights

Served as Chief Restructuring Officer, managing the facility and the Company who owned the Center, and oversaw a financial and operational restructuring which resulted in the sale of the center to the Senior Lenders through a 363 sale
Direct involvement in providing the relevant financial and operating data required to support the day-to-day management of the Center plus support the sale process
Responsible for the non-medical aspects of the Center and for interfaced with key employee groups, including physicians, IT, maintenance, equipment vendors, etc., all of which were contracted with by the company.

California Proton Treatment Center

Summary

Chief Restructuring Officer

Key Challenges

Engagement Highlights

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