# Oncoclínicas financial restructuring and debt management > Live situation record from CLSTR: https://clstr.news/situations/oncoclnicas-financial-restructuring-and-debt-management > Updated: 2026-08-17T14:13:18.000Z. Sources: 2. Developments: 2. Brazilian oncology chain Oncoclínicas is undergoing financial restructuring following a filing for judicial recovery in July 2026. To address an estimated R$5.1 billion debt, the company announced the sale of its 51% stake in the Specialized Medical Treatment Company (SMTC), a joint venture in Saudi Arabia, to Al Faisaliah Group Holding Company and Advanced Drug Company for US$6.5 million. This divestment is intended to simplify the company’s portfolio and concentrate resources on its domestic operations in Brazil. Despite the sale, the company’s second-quarter financial results showed a significant increase in net losses, rising to R$475.7 million from R$142 million in the previous year. Net revenue also fell approximately 28.5% to R$1.05 billion. Analysts have noted that operations have been pressured by a 33% drop in treatment volumes and liquidity constraints caused by a shortage of medications. While the company’s extrajudicial recovery process recently received judicial approval, leading to a surge in share prices on the B3 exchange, financial experts remain cautious regarding its operational challenges. ## Timeline ### 2026-08-17: Oncoclínicas shares surge despite rising quarterly losses Oncoclínicas shares surged on the B3 despite a R$ 475.7 million quarterly loss, as investors focus on the company's extrajudicial recovery amid medication shortages and declining revenues. 2 sources. https://clstr.news/cluster/oncoclnicas-shares-surge-despite-rising-quarterly-losses ### 2026-07-22: Oncoclínicas sells Saudi Arabia oncology joint venture for $6.5 million Oncoclínicas sold its 51% stake in Saudi joint‑venture SMTC to Al Faisaliah for US$6.5 million, aiming to cut debt and focus on Brazil after filing for judicial recovery. 4 sources. https://clstr.news/cluster/oncoclnicas-sells-saudi-arabia-oncology-joint-venture-for-65-million --- Cite as: Oncoclínicas financial restructuring and debt management. CLSTR, https://clstr.news/situations/oncoclnicas-financial-restructuring-and-debt-management