Former Aquis-quoted proton beam therapy provider Rutherford Health (LON: RUTH) is being placed in liquidation after more than £240m was invested in the business. The four oncology therapy centres are likely to be closed.
There was a lack of patients during the Covid pandemic, and a huge cost base did not help. Cash outflows meant that a regular cash injection was required.
Rutherford Health was backed by Woodford Investment Management, who invested a significant amount of the money spent on the business. Schroder UK Public Private Trust (LON: SUPP) bought the remaining Woodford stake at...
