Corona del Mar, California – Integrated Oncology Network, LLC (“ION”) today announced that it is partnering with, and has acquired equity interests in Prologics, LLC and Northern Ohio Regional Cancer Center, LLC (“Prologics”). Prologics through its subsidiaries and affiliates owns a radiation oncology center in Brook Park, Ohio, provides radiation oncology management and billing services to physicians, and has a brachytherapy business which includes physician proctoring and seed distribution services.
“We are excited by the opportunity to partner with the Prologics management team which is led by one of the top executives in the radiation oncology sector.” said Jeffrey Goffman, chairman and CEO. “This transaction coupled with our recent Affiliation with Philips Healthcare demonstrates our commitment to executing our strategy by giving clinicians and hospitals the support they need to align the business, financial, and management aspects of cancer care, so they can focus on quality patient care.”
Mark Cherney, chief executive officer of Prologics, stated, “We are very excited about working with Jeff and his talented management team. I have known and collaborated with Jeff since 2001 and consider him to be one of the best financial minds and well respected healthcare executives in the industry. The opportunity to work along side of ION as a partner at this stage of our companies’ growth will enable us to build a stronger footprint and strategic platform to meet the needs of our ever changing healthcare market. The combination of our talented teams will provide the market with a unique alternative to that of the existing competitive landscape.”
Concurrent with the Vicura acquisition, ION received both equity and debt investments from Capricorn Investment Group and Comvest Group.
[eltdf_separator class_name=”” type=”full-width” position=”center” color=”#666666″ border_style=”dashed” width=”” thickness=”1″ top_margin=”20″ bottom_margin=”20″]About ION
ION, headquartered in Corona del Mar, California, is a radiation oncology management, development, and advisory firm that provides oncology solutions and capital for physician practices and hospitals who seek strategic, financial, and management expertise. ION’s management team has expertise in assisting physicians with the formation of integrated oncology groups, which can enhance operational efficiencies and optimize utilization while continuing to focus on providing the best patient care. ION provides solutions for transactional services, project development for cancer centers, financing, and management services with expertise in radiation oncology operations, billing and collection, accounting, compliance, IT, M&A, physics and dosimetry, and other administrative services. ION provides liquidity for physician and hospital owners as it invests as a minority partner in radiation oncology centers with both physicians and hospitals. ION’s management team has over 75 years of combined health care expertise, including working with several of the most prestigious oncology groups in the country as a trusted resource.
ION is a privately held company whose shareholders include a small group of strategic investors, including Capricorn Investment Group and Comvest Group.
For more information on ION, please visit our web site at www.ion-llc.com.
