- Partnership provides additional growth capital, supported by
OneOncology's investors, TPG and Cencora, to expand comprehensive
high-value urology care in physician-owned practices and ambulatory
surgery centers
- Culture of physician leadership and organic growth is highly
complementary to OneOncology
- Increasing complexity of prostate, bladder, and other
genitourinary cancers means partnership between OneOncology
and United Urology Group will drive meaningful improvement to
cancer care
NASHVILLE, Tenn. and OWINGS MILLS, Md., Aug. 20,
2024 /PRNewswire/ -- OneOncology, the
fastest-growing national platform for independent oncology
practices, today announced that it has agreed to acquire United
Urology Group ("UUG"), one of the nation's leading urology
management services organizations supporting approximately 250
physicians and advanced practice providers with more than 1,300
employees. UUG's vision is to lead the transformation of urology
through its commitment to accessible, high quality, and value-based
care; patient and employee satisfaction; continuous innovation; and
community involvement.
"UUG's attention and dedication to physician centricity and
partnership with its leading independent practices is directly
aligned with OneOncology's culture and philosophy," said
Jeff Patton, MD, Chief Executive
Officer, OneOncology. "We are thrilled to partner with the
physician and executive leadership of United Urology Group to
continue advancing urology care, including the increasingly complex
treatment of genitourinary cancers."
Urologists are critical members of the cancer care ecosystem,
serving as the quarterbacks for cancer care for prostate, bladder,
and other genitourinary cancers. Prostate cancer incidence rates
have grown by approximately 3% per year over the last decade,
creating a high unmet need for these services. In 2024, the
American Cancer Society estimates there to be almost 300,000 newly
diagnosed cases of prostate cancer in the
United States with prostate cancer being the second-leading
cause of cancer death in American men.
"We at UUG have built something truly unique in the urologic
space, offering affiliate practices the support they need to
elevate their services while reducing administrative and financial
burdens for physicians. I am incredibly proud of our team and
excited about the opportunity to unite these two outstanding
organizations. With OneOncology's proven track record of growth, we
are eager to extend our fully integrated care ecosystem to more
independent urology practices. We look forward to enhancing access
to high-quality ancillary services for both practices and their
patients," said Ian Wong, Chief
Executive Officer, UUG.
United Urology Group has demonstrated unparalleled operational
leadership, integrating its affiliate practices with sophisticated
technology systems and processes. This has enabled the company to
broaden the breadth of ancillary service lines its affiliate
practices provide by offering comprehensive, lower-cost and
integrated care to its patients in its physician offices and
ambulatory surgery centers. With these capabilities, UUG has
created a platform for sustainable growth, partnering with its
affiliated practices and providers to improve their economics while
maintaining a high level of patient care.
"I am energized about the opportunities that this new
relationship brings. The synergies between OneOncology and United
Urology Group are going to allow us to enhance care to our complex
urologic oncology patients and provide the ideal patient experience
to all our urology patients across our expanding platform," said
Geoffrey Sklar, MD, Chief Medical
Officer, UUG.
Debevoise & Plimpton LLP and Sheppard Mullin served as legal counsel to
OneOncology, while Ropes & Gray LLP and McGuire Woods served in the same capacity to the
seller. Houlihan Lokey served as
financial advisor to UUG. The transaction is expected to close by
the end of 2024.
About OneOncology
OneOncology was founded by community
oncologists, for community oncologists, with the mission of
improving the lives of everyone living with cancer. The company's
goal is to enable community oncology practices to remain
independent and to improve patient access to care in their
communities, all at a lower cost than in the hospital setting.
Backed by TPG and Cencora, OneOncology supports its platform of
community oncology practices through group purchasing, operational
optimization, practice growth, and clinical innovation. The
company's 1,300 cancer care providers care for approximately
787,000 patients at more than 420 sites of care nationwide. Visit
https://www.oneoncology.com for more information.
About United Urology Group
United Urology Group
supports a urology-specific continuum of care model for providers
and patients alike. United Urology Group enables affiliate
practices to focus on providing high quality, integrated, and
cost-effective urologic care to their patients. More than 1,500
caring, compassionate employees are affiliated with the network,
including 160+ physicians and 80+ advanced practice providers,
serve 900,000+ patients a year with the goal of superior urologic
care. The organization's member groups of urology practices today
include Arizona Urology Specialists, located in the greater
Phoenix and Scottsdale areas; Arizona Urology Specialists,
located in the Tucson metro area;
Chesapeake Urology, with offices located throughout Maryland and Eastern
Delaware; Colorado Urology, located in the greater
Denver, Boulder, and Foothills areas; and Tennessee
Urology, serving patients in the greater Knoxville area and Eastern Tennessee.
For press inquiries, please contact:
- OneOncology: Eric Hoffman
at ehoffman@oneoncology.com
- United Urology Group: Severa
Lynch at slynch@uniteduro.com
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SOURCE OneOncology, LLC.