The Welsh Government is facing the prospect of having to write-off a £10m equity investment it made into a cancer treating healthcare group which is seeking to put itself into liquidation.
Rutherford Health (formerly known as Proton Partners International) said it will make an application later this week to appoint an official receiver - an officer of the Insolvency Service - as liquidator.
Its first private centre, and the first in the UK to use proton beam technology to treat cancer, opened in Newport in South Wales in 2016. Having invested more than £240m it also has cancer and diagnostic centres in Somerset, Northumberland, the Thames Valley and Liverpool.
