Cadence Health to Buy Out ProCure Cancer Center

Winfield, Ill.-based Cadence Health will buy out the stake of partner ProCure Treatment Centers Inc., a national company specializing in proton therapy, in the organizations' shared cancer center, according to a Crain's Chicago Business report.

The $25 million transaction will increase Cadence Health's stake in the CDH Proton Center in Warrenville, Ill., a collaboration between the two organizations, from 12 percent to 81 percent, according to the report.

Launched as a startup in 2005, ProCure is currently undergoing a financial restructuring, according to the report.

More Articles on Oncology Partnerships:

Maury Regional, Vanderbilt University Medical Centers Partner for Cancer Center
Boca Raton Regional's Cancer Center Joins Moffitt Oncology Network
Cooper University Health Care, MD Anderson Cancer Center to Announce Partnership

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