OneOncology, which is backed by TPG Capital and AmerisourceBergen, announced on August 20 its acquisition of United Urology Group (UUG) from Audax Private Equity. This is OneOncology’s first acquisition in the urology specialty as the company branches out from oncology practices.
UUG is a urology physician practice management company. It manages clinical offices and ambulatory surgical centers that provide general urologic care in addition to ancillary service lines including surgical centers, pharmacy, radiation therapy and a pathology lab.
UUG was founded in 2006 and is based in Owings Mills, Maryland. UUG supports approximately 250 physicians and advanced practice providers across Arizona, Colorado, Delaware, Maryland and Tennessee.
OneOncology is a national network of independent community oncologists who assist partner practices in expanding their cancer care services. The company’s 1,000 cancer care providers care for approximately 615,000 patients at more than 339 sites nationwide. In April 2023, OneOncology was acquired by TPG Capital and AmerisourceBergen from General Atlantic.
Houlihan Lokey served as financial advisor to UUG and Audax. Ropes & Gray and McGuireWoods provided legal counsel to Audax, while Debevoise & Plimpton LLP and Sheppard Mullin served in the same capacity to OneOncology. The transaction is subject to customary closing conditions and regulatory approvals. Terms were not disclosed.
According to data captured in the LevinPro HC database, this acquisition marks the 320th Physician Medical Group transaction of the year, and the fourth in the urology specialty. This deal also represents OneOncology’s sixth acquisition of 2024; the company has also purchased physician practices in South Carolina, Connecticut, North Carolina and Alabama.
