On April 14, 2022, California Cancer Associates for Research & Excellence (cCARE), a leading provider of comprehensive cancer treatment services, completed its sale to Integrated Oncology Network, LLC (ION), a portfolio company of Silver Oak Services Partners, LLC.
The Healthcare Investment Banking practice of Kroll served as an exclusive sell-side M&A advisor to cCare and provided financial diligence in connection with the transaction.
Founded in 1993, cCARE is a leading provider of comprehensive cancer treatment services with over 30 providers across six centers in the Fresno and San Diego, CA markets. cCARE provides an integrated cancer care offering including medical oncology, radiation oncology, diagnostic imaging, and other ancillary services. The combination of ION and cCARE creates one of the largest oncology providers in the U.S. with 57 centers across 14 states.
Integrated Oncology Network, LLC is a leading national provider of outpatient cancer services delivering community based, integrated care through its partnerships with specialty physician practices and hospitals. ION’s full-service cancer treatment offering comprises medical oncology, radiation oncology, urology, diagnostic imaging, surgery and other ancillary services. ION has over 100 providers throughout its 57 centers across 14 states.
About Silver Oak Services Partners
Founded in 2005 and based in Evanston, IL, Silver Oak Services Partners is a lower-middle market private equity firm focused on partnering with exceptional management teams to build industry leading business, healthcare and consumer service companies. Silver Oak utilizes a proactive, research-led investment process to identify attractive services sectors and seek out the best potential management teams and investment opportunities.