Silver Oak Services Partners LLC has recapitalized California-based Integrated Oncology Network LLC, a physician management, radiation oncology management and cancer center development company that partners with hospitals and physicians. No financial terms were disclosed. JMP Securities LLC provided financial advice to ION on the transaction.
NEWPORT BEACH, Calif., Oct. 8, 2018 /PRNewswire/ — Integrated Oncology Network, LLC (“ION”) announced today that it has partnered with Silver Oak Services Partners, LLC (“Silver Oak”) to recapitalize ION.
“We are excited and privileged to partner with the Silver Oak team, whose vast healthcare expertise and resources will provide ION the ability to accelerate the execution of our strategy on expanding our networks and affiliations across the United States with healthcare systems in their market to provide quality and cost efficient patient care,” stated Jeffery Goffman, ION’s CEO and Co-Founder.
Dan Gill, Managing Partner at Silver Oak, said, “We are excited to partner with the seasoned team at ION. ION is well-known in the industry as a value-added partner enabling hospitals and physicians to provide the highest quality care to patients. We look forward to working with the ION team to execute on its growth strategy.”
JMP Securities LLC served as exclusive financial advisor to ION in connection with the transaction.
Integrated Oncology Network, LLC and its subsidiaries (“ION”) is a physician management, radiation oncology management and cancer center development company that partners with hospitals and physicians. ION provides expertise including strategic solutions, development, financing and management services including radiation oncology operations, revenue cycle & compliance, HR, IT and accounting. For more information on ION, please visit our web site at www.ion-llc.com.
About Silver Oak
Silver Oak is a private equity investment firm based in Evanston, Illinois. The firm’s management team is comprised of experienced investment professionals with over 75 years of collective private equity experience. The firm focuses on making investments in the U.S. in middle-market healthcare, business, and consumer services companies, typically with EBITDA of $4 million to $20 million. For more information, please visit www.silveroaksp.com.