Oaktree Medical Centre: Business Closing

On August 9, Oaktree Medical Centre – which does business as Pain Management Associatesconfirmed all its locations will be closed and 380 employees laid off in a process to be completed by the end of August. That provides confirmation – if any was needed – that lenders , including Fidus Investment (FDUS), will not be getting any proceeds from their exposure to the chain, accused of multiple frauds by the Justice Department. See our prior article dated August 5.