Private cancer care is rapidly consolidating.
Quadrant Private Equity is re-entering the rapidly corporatising cancer care segment with plans to invest $100 million to become the largest shareholder in the privately owned CancerCare Partners in the next two years.
CancerCare founder and CEO Tony Noun, left, and Marcus Darville of Quadrant Private Equity, which is set to become CancerCare’s largest shareholder.Quadrant’s Marcus Darville said he hoped the partnership with CancerCare Partners, which has three centres – in Sydney’s Miranda and Frenchs Forest, and Wagga Wagga – would create a third major player.
“We’re very attracted to the quality of the group and the strength of the doctors, the technical excellence and growth opportunities,” Mr Darville said.Tony Noun, founder, CEO and the largest existing investor in CancerCare Partners, said he was excited to partner with Quadrant and it was important for the group to remain Australian-owned.
“Our attitude and approach is about providing excellence in cancer care. You can’t do that if you are not involved in clinical research and clinical trials to ensure patients have access to the latest treatment protocols.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Forrests’ Minderoo launches $100m impact fundThe Strategic Impact Fund aims to show that impact investing - investing that aims to have a positive impact on society and nature - can generate financial returns too.
Read more »
Aussie ETFs set to crack 2 million investors in 2022The number of Australians investing in exchange-traded funds surged 33 per cent to 1.73 million this year, as the booming market looks set to add another 275,000 consumers next year.
Read more »
Life in the ward: how do you care for Covid patients in prison?‘You can only build a net, it’s never a wall,’ says Dr Michael Novy, who cared for 160 inmates through a flap in a locked door
Read more »
COVID-19 outbreak cancels Christmas for aged care residents in OrangeA dozen residents and staff at an aged care facility in the New South Wales central west have tested positive to COVID-19.
Read more »
One death, hospitalisations down as NSW COVID-19 cases keep climbingOne person has died, hospitalisations have decreased but two more people were taken to intensive care as coronavirus cases continue to climb in New South Wales.
Read more »