Alliance Oncology Enters Agreement to Form Partnership with Pacific Cancer Institute in Maui, HI
October 28 2015 - 12:23AM
Business Wire
Alliance Oncology, a division of Alliance HealthCare Services,
Inc. (NASDAQ:AIQ), a leading national provider of outsourced
healthcare services, announced today it has executed an agreement
to form a partnership with Pacific Cancer Institute (PCI), a
radiation oncology center founded by Bobby Baker, M.D., to acquire
a 95% controlling interest in the center. Alliance Oncology
believes PCI will be a strategic partner to further expand its
footprint, while adding value to Alliance Oncology’s vast network
of physicians and physicists. The closing of the transaction is
subject to various conditions that are expected to be satisfied
prior to the end of the year.
“We are very excited to add a new partnership with stellar
clinical care to our national network of centers,” said Greg
Spurlock, President of Alliance Oncology. “Dr. Baker has developed
and led this state-of-the-art center, and will continue to be the
medical director going forward.”
Alliance Oncology, an industry leader in radiation oncology
center development, partners directly with hospitals, radiation
oncologists and other healthcare providers to establish and operate
radiation therapy programs. Providing a full range of service line
capabilities (inpatient and outpatient), Alliance Oncology’s fully
integrated, comprehensive approach to cancer care affords its
partners the speed-to-market, quality clinical outcomes, and
operational expertise that sets them apart from the
competition.
“I am excited to form this partnership with Alliance Oncology,
whose president I have known for years," said Bobby Baker, M.D.
"Together, we are going to continue to provide high-quality cancer
care with Hawaii’s only TrueBeam™ STx. They will ensure that I can
leave the legacy that I started 21 years ago by providing
cutting-edge technology for Maui’s cancer patients for generations
to come.”
PCI has been a part of the community of Hawaii for 21 years and
is focused on radiation oncology treatments. PCI has an expected
annual revenue of $6.3 million for 2015. In early 2012, PCI
constructed a new 2,500 square foot addition to the existing center
at 227 Mahalani Street, Maui, Hawaii 96793 and commissioned new
equipment, services and doctors to accommodate the patients of
Hawaii. As the only radiation therapy provider on the island of
Maui, PCI delivers care utilizing a state-of-the-art TrueBeam STx
System, offering both conventional radiation therapy and
stereotactic radiosurgery. Patient benefits include no anesthesia
or hospitalization, minimal radiation exposure to healthy tissue,
minimal recovery time and immediate return to daily activities.
The PCI facility includes a full radiation therapy team:
radiation oncologists, medical physicists, nurses, and radiation
therapists who work with patients to develop customized cancer
treatment plans and will continue treating patients throughout the
acquisition. Practicing radiation oncology physicians include Bobby
Baker, M.D., FACRO, FACR and associates.
“As we discussed during our initial 2015 guidance call in March
of this year, we continue to be confident that the investments
we’ve made in the Alliance Oncology team position us to deliver
double-digit growth going forward. The transaction with PCI is
further evidence that this confidence is well placed. We are
delighted to be partnering with Dr. Baker to continue the success
of the cancer care clinic he established more than two decades ago.
The Alliance Oncology pipeline of new opportunities continues to
remain very strong and we are looking forward to continued success
in 2016,” said Tom Tomlinson, Chief Executive Officer of Alliance
HealthCare Services.
About Pacific Cancer InstituteLocated in the green hills
above Central Maui, the Pacific Cancer Institute of Maui is
dedicated to the very latest in cancer treatment technology
provided by highly skilled medical professionals in a warm, healing
environment. The facility is conveniently adjacent to Maui Memorial
Medical Center and staffed with an outstanding team of
Board-Certified physicians under the direction of radiation
oncologist, Bobby C. Baker, M.D. As founder of PCI Maui, Dr. Baker
is thoroughly experienced in the development and management of
cancer treatment facilities. His interest in radiation oncology
evolved when he realized he could treat cancer by combining his
skills as a physician and chemical engineer with his knowledge of
computer technology and physics. Today, Dr. Baker and his staff are
totally committed to providing state-of-the-art cancer treatment to
patients on Maui as well as the Pacific region. For more
information, visit http://www.pacificcancerinstitute.com.
About Alliance HealthCare ServicesAlliance HealthCare
Services (NASDAQ: AIQ) is a leading national provider of outsourced
healthcare services with a 30+ year track record of award-winning
patient care/satisfaction and service line expertise. Providing
diagnostic radiology services through its Radiology Division
(Alliance HealthCare Radiology), interventional radiology &
pain management services through its Interventional Services
Division (Alliance HealthCare Interventional Services) and
radiation oncology services through its Oncology Division (Alliance
HealthCare Oncology), Alliance is the nation’s largest provider of
advanced diagnostic mobile imaging services, an industry-leading
operator of fixed-site imaging centers, and a leading provider of
stereotactic radiosurgery nationwide. As of June 30, 2015, Alliance
operated 518 diagnostic imaging and radiation therapy systems,
including 118 fixed-site imaging centers across the country; and 32
radiation therapy centers and stereotactic radiosurgery (SRS)
facilities. With a strategy of partnering with hospitals, health
systems and physician practices, Alliance provides quality clinical
services for over 1,000 hospitals and other healthcare partners in
44 states where approximately 1,800 Alliance Team Members are
committed to providing exceptional patient care and exceeding
customer expectations. For more information, visit
www.alliancehealthcareservices-us.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20151027007165/en/
Alliance OncologyAngela Buehler, 615-263-7806Manager, Marketing
Communicationsabuehler@AllianceOncology.com
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