American Oncology Network entered into a definitive business combination agreement with Digital Transformation Opportunities Corp. and will become a public company.
AON, a growing network of community-based oncology practices, will keep senior leadership in their current roles and add additional members affiliated with DTOC, a special purpose acquisition company focused on the healthcare industry.
After the combination, the company will be listed on Nasdaq.
"This transaction represents the next step in AON's journey to become the leading platform for community-based oncology practices. We are excited to use the growth capital and partnership with the DTOC team to continue investing in technology and services that will support our physician partners and enhance the value proposition of AON," Todd Schonherz, AON CEO, said in the Oct. 6 release.