Proton therapy center in San Diego files for bankruptcy

Just three years after opening its doors, San Diego’s only proton therapy center is seeking Chapter 11 bankruptcy protection.

The investment group that owns the $220 million state-of-the-art facility on Summers Ridge Road filed Wednesday under Chapter 11 of the U.S. Bankruptcy Code, stating in court papers that the center “has not operated on a profitable or even a break-even basis.”

The facility is known throughout the region as the Scripps Proton Therapy Center and is operated under contract by the Scripps Clinic Medical Group, which has no ownership stake in the Mira Mesa operation.

At a hearing in Delaware bankruptcy court scheduled for Friday, owner California Proton Treatment Center will ask a judge to approve a $16 million short-term loan to pay for continued operations while a restructuring effort proceeds.

Read more: http://www.sandiegouniontribune.com/news/health/sd-me-proton-bankruptcy-20170302-story.html