
City of Hope Acquiring Cancer Treatment Centers for Reported $390M
City of Hope, a cancer research and treatment organization based in Duarte, CA, has entered into a definitive agreement to acquire Cancer Treatment Centers of America (CTCA), a network of oncology hospitals and outpatient care centers with locations in Atlanta, Chicago and Phoenix. The purchase price was reported as $390 million.
“CTCA has a strong commitment to patient-centric cancer care, and combining its network and services with City of Hope’s scientific expertise, clinical trials and patient care strengths will significantly increase the number of people who can access the latest lifesaving treatments,” said Robert Stone, president and CEO of City of Hope
The acquisition expands the portfolio, reach and impact of City of Hope’s cancer services and capabilities, including research and development, into more communities across the country.
The transaction is expected to close in early 2022. Post-closing, City of Hope intends to convert CTCA to a nonprofit organization.
- ◦Sale/Acquisition