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Published on 10/4/2023 in the Prospect News Distressed Debt Daily.

GenesisCare adjusts timeline under bid procedures for assets

By Sarah Lizee

Olympia, Wash., Oct. 4 – GenesisCare Pty Ltd. adjusted the timeline under the bid procedures for its assets, according to a notice filed Tuesday with the U.S. Bankruptcy Court for the Southern District of Texas.

The auction was pushed back to Oct. 11 from Oct. 4, and the sale hearing that was originally set to take place on Oct. 11 will be scheduled for another date to be determined.

The company is proposing an outside date of Nov. 22, as previously reported.

GenesisCare is a cancer care provider with headquarters in Sydney. The company filed bankruptcy on June 1 under Chapter 11 case number 23-90614.


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