City of Hope has acquired Cancer Treatment Centers of America (CTCA) and plans to build a national network of cancer centers.
“This will create a one-of-a-kind national cancer-focused system,” said Robert Stone, president and CEO of City of Hope, in an interview with The Cancer Letter. “I’m not aware of anybody else doing that.”
City of Hope’s acquisition expands the organization’s ability to translate research and science into lifesaving care. The acquisition also broadens the portfolio, reach, and impact of City of Hope’s cancer services and capabilities, including research and development, into more communities across the country.
CTCA is a family-owned business with centers in Atlanta, Chicago, and Phoenix. City of Hope is a National Cancer Institute-designated research center based in California, while its subsidiary, AccessHope, provides remote cancer expertise to employers and their health care affiliates.
“When we did our due diligence, we saw that CTCA is one of the most trusted brands among health care consumers in the country,” Mr. Stone said. “How the two names are used and come together going forward is something we haven’t fully decided yet. On day one of the new organization, we will communicate that CTCA is part of City of Hope.”
The transaction was completed in early February 2022. City of Hope now intends to begin the process of converting CTCA to a nonprofit organization.
Sources: City of Hope press release, December 8, 2021; The Cancer Letter, January 21, 2022; HealthLeaders, February 2, 2022.
