By Mike Sunnucks | Rose Law Group Reporter
City of Hope, a California-based cancer institute, is acquiring Cancer Treatment Centers of America, which has an oncology hospital in Goodyear.
CTCA has a network of hospitals and outpatient centers. Those include outpatient centers in Gilbert, Phoenix and Scottsdale.
The deal is a major merger among cancer hospitals in the U.S.
“This is a defining moment in the fight against cancer and a powerful opportunity to reach more cancer patients with the leading treatments, care and advanced research they critically need,” said Robert Stone, president and CEO of City of Hope and the Helen and Morgan Chu Chief Executive Officer Distinguished Chair. “CTCA has a strong commitment to patient-centric cancer care, and combining its network and services with City of Hope’s scientific expertise, clinical trials and patient care strengths will significantly increase the number of people who can access the latest lifesaving treatments.”
City of Hope’s has a focus connecting cancer research breakthroughs and innovations with patient care.
CTCA also has hospitals and centers in Atlanta and Chicago.
“Building on more than three decades of unparalleled patient experience and quality care, we’re excited to become a part of City of Hope, and to take a step closer to reaching so many more cancer patients with our unique, patient-centered model,” said Pat Basu, M.D. president and CEO of CTCA. “Through the shared, patient-centric values of both organizations and expanded access as a result of the collaboration, cancer patients across the nation will be the ultimate beneficiaries of this relationship.”
Basu will remain CEO of CTCA and will report to Stone.
