Alliance HealthCare Services Purchases Stock from e+CancerCare
In a bid to offer qualitative radiation therapy and cancer care services, Alliance healthcare services ventures into a stock purchasing agreement with e+CancerCare in order to function the 60 cancer care centers across the U.S. emphasized on diagnosing, staging and treating cancer. Services namely radiation oncology and related therapies, medical oncology and chemotherapy services, and PET/CT imaging in partnership with leading academic medical centers, health systems and physicians.
Greg Spurlock, President of Alliance Oncology “Separately, each organization has focused on delivering compassionate, effective cancer care to our patients and much-needed outsourced solutions to our physician and health system partners. Together, we can bring the best of both organizations – our team members, technologies, partnership models and clinical care advancements – to the fight against cancer across the U.S.”
J.P. Morgan Securities LLC is entrusted with financia advice to Alliance HealthCare Services. Foley & Lardner LLP is acting as legal advisor to Alliance HealthCare Services. Cain Brothers, a division of KeyBanc Capital Markets, is acting as exclusive financial advisor to e+CancerCare. Paul, Weiss, Rifkind, Wharton & Garrison LLP is acting as legal advisor to e+CancerCare.
Tom Tomlinson, CEO of Alliance HealthCare Services, mentioned“Our vision at Alliance is to be a driving force in transforming healthcare. Following our privatization last fall with Tahoe Investment Group and their subsequent significant equity investment, we are pleased to be living out this vision in a consolidating U.S. healthcare environment. I wish to thank our Board and Chairman Huang for their continued support of our strategy. Bringing Alliance Oncology and e+CancerCare together will ultimately benefit patients and their families with more effective, efficient and compassionate care. We look forward to welcoming and working with the e+CancerCare team.”