SOURCE: Oncure Medical Corp.

August 04, 2008 08:00 ET

Oncure Medical Corp. Partners With Radiation Oncology Associates; Expands Growing National Network to Indiana

ENGLEWOOD, CO--(Marketwire - August 4, 2008) - Oncure Medical Corp. ("Oncure"), one of the largest operators of radiation oncology centers in the country, has purchased substantially all the assets of ROA Associates, LLP, and entered into a long-term business management agreement with Radiation Oncology Associates, P.C. (ROA) of Ft. Wayne, Ind. The acquisition expands Oncure's fast-growing national network of radiation oncology centers to 36 centers in three states.

"We are extremely proud to partner with Radiation Oncology Associates, a physician group with a great reputation for high quality patient care," said David Chernow, president and chief executive officer of Oncure. "With this key addition, Oncure takes a critical step to expand our national network of radiation therapy facilities and provide more patients with extraordinary care."

Oncure, headquartered in Englewood, Colo., now owns, operates and manages 36 radiation treatment centers in California, Florida and Indiana. Oncure centers provide quality patient care and state-of-the-art technologies for radiation therapy, including IMRT, IGRT, CT, and PET/CT. Oncure provides its physician partners capital, management expertise, systems and new technologies, giving them more time to focus on patient care.

"Our partnership with Oncure strengthens our commitment to providing patients with access to skilled expertise for treatment of cancer and other diseases utilizing the latest radiation therapy modalities," said Marc Apple, MD, of ROA. "We remain dedicated to ensuring that every patient is cared for with unbridled compassion and receives the most positive experience possible. Joining the Oncure network provides for continuous advancement in patient care while remaining efficient and focused within the variable medical environment."

Deloitte Corporate Finance LLC acted as exclusive financial adviser to ROA in connection with this partnership.

About Oncure Medical Corp.

Oncure Medical Corp. is a healthcare services company that helps its physician partners meet the evolving business demands of the radiation oncology industry by providing capital, technology, operations services and management expertise, including clinical staff, billing and collecting, data warehousing, accounting, compliance and other administrative services. Oncure owns, operates and manages 36 radiation centers across the United States. Oncure is a privately held company whose shareholders include Genstar Capital, LLC, ARES Management, LLC, Caisse de Dupot and Oncure management. For more information about Oncure, visit www.oncure.com.

About Radiation Oncology Associates

ROA physician partners with founding members John N. Crawford, MD and Deepchand Bajpai, MD, has been providing service since 1977. They currently operate four centers in northeast Indiana. The dedicated and highly trained physicians and staff of ROA work to provide advanced state-of-the-art cancer treatments in a caring and compassionate environment. ROA includes nine physicians who provide radiation services including IMRT/IGRT, external beam radiation therapy, brachytherapy, intraoperative radiation therapy, Cyberknife Robotic Radiosurgery, and targeted systemic radionuclide therapy. For more information, please visit www.roafw.com.

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