- Hospital system City of Hope announced it will acquire Cancer Treatment Centers of America (CTCA) to become one of the largest cancer research and treatment systems the country. The organizations said the combined entity will serve approximately 115,000 patients each year. Together, City of Hope and CTCA will comprise about 11,000 employees, including 575 physicians across four states. The transaction is expected to close in the early part of 2022, after which City of Hope plans to turn CTCA into a nonprofit. (Articles here, here, and here)
December 9, 2021
M&A