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.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).