Officials from the University of Virginia in Charlottesville have approved the UV Medical Center's purchase of a private oncology practice, according to a Daily Progress report.
UVMC will acquire Hematology Oncology Patient Enterprises, also based in Charlottesville, Va. The acquisition is expected to bring in $35 million or more in additional revenue.
The addition of the oncology practice is also expected to help the UVMC become a National Cancer Institute-designated comprehensive cancer center — the first in the state, according to the report.
The practice will retain the same physicians and four locations.
Read the Daily Progress report on University of Virginia Medical Center and its new cancer practice.
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UVMC will acquire Hematology Oncology Patient Enterprises, also based in Charlottesville, Va. The acquisition is expected to bring in $35 million or more in additional revenue.
The addition of the oncology practice is also expected to help the UVMC become a National Cancer Institute-designated comprehensive cancer center — the first in the state, according to the report.
The practice will retain the same physicians and four locations.
Read the Daily Progress report on University of Virginia Medical Center and its new cancer practice.
Related Articles on Hospitals and Physician Practice Acquisitions:
Family Medicine Practice Joins Christ Hospital's Primary Care Practice
Indiana's St. Francis Health, IU Health Pick Up More Physician Practices
Bon Secours Affiliates With 5 New York Medical Practices