Integrated Oncology Network, a portfolio company of Silver Oak Services Partners, today announced the acquisition of California Cancer Associates for Research & Excellence (cCARE).
Financial terms for the deal were not disclosed.
Founded in 1993, cCARE is a provider of comprehensive cancer treatment services with over 30 providers across 6 centers in the Fresno and San Diego, CA markets. cCARE provides an integrated cancer care offering including medical oncology, radiation oncology, diagnostic imaging, and other ancillary services. ION has over 100 providers throughout its 57 centers. The combination of ION and cCARE creates one of the largest oncology providers in the U.S. with 57 centers across 14 states.
"cCARE has established an outstanding reputation throughout Southern and Central California due to the strength and quality of its physician base and proven ability to deliver exceptional patient outcomes. We are thrilled to partner with the cCARE team and to build upon ION's mission to deliver comprehensive, community-based care within the markets we serve," said ION CEO Josh Johnson.
"Our team is excited to partner with ION, whose highly complementary offerings, vision, and culture, will facilitate a seamless integration," said Dr. Jedidiah Monson, President of cCARE. "ION's deep and highly experienced management team paired with Silver Oak's additional capital and expertise will accelerate current and future growth initiatives across the combined platform."