CPPIB-backed 21st Century Oncology buys Northwest Cancer Clinic
21st Century Oncology Holdings Inc has formed a joint venture with Northwest Cancer Clinic LLC in which 21st Century will own an 80 percent interest. The financial details of the transaction were not disclosed. 21st Century, a physician-led provider of integrated cancer care services, said the partnership with Northwest Cancer Clinic will allow it to enter a new market in the Northwestern United States. Last September, the U.S. company received a $325 million investment from Canada Pension Plan Investment Board (CPPIB). It is also backed by U.S. private equity firm Vestar Capital Partners.
7 January 2015•4 mins read
