NEWPORT BEACH, Calif. and NASHVILLE, Tenn., June 26, 2019 /PRNewswire/ — Integrated Oncology Network, LLC (“ION”), a portfolio company of Silver Oak Services Partners, LLC, announced today that it has acquired e+CancerCare. Founded in 2002, e+CancerCare (“e+”) is a leading operator of outpatient cancer care centers with 21 centers in ten states. e+ provides a complete integrated continuum of care, including diagnostic testing, radiation oncology, medical oncology and ancillary services. The combination of ION and e+, along with ION’s recently announced acquisition of Gamma West Brachytherapy, creates a leading cancer treatment platform with 51 locations across 17 states.
“We are excited to partner with the seasoned executive team at e+CancerCare who are well-known leaders in the industry. The e+ team shares ION’s mission as value-added partners enabling hospitals and physicians to provide the highest quality care to patients. Our team looks forward to working with the e+ team to execute on our growth strategy,” stated Jeffery Goffman, ION’s Chief Executive Officer.
Dan Gill, Managing Partner at Silver Oak, said, “We are excited by this unique opportunity to bring together two of the best management teams in the oncology sector to further establish ION as a leading platform well-positioned for future growth.”
Wade Glisson, Principal at Silver Oak, added, “We have enjoyed getting to know the e+ team and tracking their success over the past few years. We are excited about the potential for the combined platform and look forward to supporting its continued growth.”
“We have enjoyed our partnership with the e+ team, who have created a unique healthcare platform with the highest quality of patient care and a leading market share in its geography,” commented Benjamin Mao, Partner at Kohlberg & Company. “We look forward to the continued success of the e+ team in its partnership with ION.”
LBC Credit Partners served as the sole lead arranger and administrative agent for the debt financing and McGuire Woods served as counsel and legal advisor to ION in connection with the transaction.
Cain Brothers, a division of KeyBanc Capital Markets, served as exclusive financial advisor to e+CancerCare. Paul, Weiss, Rifkind, Wharton & Garrison LLP served as counsel and legal advisor to e+CancerCare.
About ION
Integrated Oncology Network, LLC and its subsidiaries including Gamma West Cancer Services and e+CancerCare (“ION”) are focused on quality patient care and providing its physician and hospital partners with management services including practice management, medical oncology, chemotherapy, radiation oncology, PETCT imaging, cancer center development, financing, operations, revenue cycle & compliance, HR, physics and IT. ION owns and manages 51 treatment centers in 17 states. For more information on ION, please visit our web site at www.ion-llc.com.
About Silver Oak Services Partners, LLC
Silver Oak is a private equity investment firm based in Evanston, Illinois. The firm’s management team is comprised of experienced investment professionals with over 75 years of collective private equity experience. The firm focuses on making investments in the U.S. in middle-market healthcare, business, and consumer services companies.
Date: July 01, 2019
SOURCE: Integrated Oncology
