Alongside growing interest in radiology, investors also are buying up an increasing share of cancer care clinics in the U.S., according to new research.
Between 2003 and 2022, private equity platform companies poured money into 724 oncology outposts. That represents about 10% of the 6,919 clinic locations across the country, Harvard experts detailed in JAMA Internal Medicine.
The transactions spanned 45 states, with Florida (19%) and California (16%) leading the way. About 33% of these clinics underwent multiple changes in private equity ownership, for a total of 1,074 transactions spanning the study period, Radiology Business reports.
Researchers gathered their information from financial databases, publicly available press releases, and SEC filings, among other sources. They defined private equity transactions as any financial investment including partnerships, recapitalization or direct acquisitions. Read more.
