21st Century Oncology Buys Remaining Stake in South Florida Radiation Oncology.
13 July 2015 - US-based cancer care services provider 21st Century Oncology Holdings, Inc. and its 21st Century Oncology, Inc. subsidiary have completed the acquisition of the remaining 35% of South Florida Radiation Oncology, the companies said.
The acquisition was funded through a combination of cash, notes and equity. 21C made its initial 65% investment in SFRO on 10 February 2014.
21st Century Oncology Holdings, Inc. is the largest global, physician led provider of integrated cancer care services.
The company offers a range of cancer treatment services, focused on delivering academic quality, cost-effective patient care in personal and convenient settings.
As of 30 June, the company operated 183 treatment centres, including 148 centres located in 17 US states and 35 centers located in six countries in Latin America.
South Florida Radiation Oncology is a radiation oncology provider, with 24 radiation treatment centres throughout South Florida.
Kirkland and Ellis LLP and Hall, Render, Killian, Heath and Lyman, PLLC advised 21C in connection with the transaction.
Target: South Florida Radiation Oncology
Buyer: 21st Century Oncology Holdings, Inc
Deal size in USD:
Type: Corporate Acquisition
Buyer advisor: Kirkland and Ellis LLP , Hall, Render, Killian, Heath and Lyman, PLLC ,
Comment: Buyout of remaining stake