The American Oncology Network (AON) announced on March 26 the addition of Woodlands Cancer Institute and its physicians to its network. Woodlands Cancer Institute is AON’s second practice in Texas and first in Montgomery County.
Headquartered in The Woodlands, Texas, Woodlands Cancer Institute is a community-based radiation oncology and hematology practice providing treatment for patients diagnosed with all types of cancer and blood disorders. According to its website, the practice has four providers and one advanced practitioner on staff.
AON is an alliance of physicians and healthcare leaders partnering to ensure the long-term success of community oncology. Founded in 2018, AON’s network represents more than 220 providers practicing across 20 states.
“We are eager to join AON and look forward to utilizing the resources that are available to us through this new partnership,” said the physician team at Woodlands Cancer Institute. “AON’s vast menu of support and resources provide essential services that are designed to help community-based practices survive and thrive so that there is a continuity of cancer care. These resources are essential to helping us provide comprehensive and high-quality patient care services.” Financial terms of the deal were not disclosed.
This marks AON’s second partnership of 2024. In February, the company added Bay Hematology Oncology in Maryland, a three-provider practice, to its portfolio.
According to data captured in the LevinPro HC database, this acquisition represents the 128th Physician Medical Group transaction of the year, and the seventh in the oncology specialty. Throughout 2023, 17 oncology transactions were reported.
