American Oncology Network (“AON” or the “Company”), a rapidly growing network of community-based oncology practices, announced that the Company has entered into a definitive agreement to receive a strategic growth investment from AEA Growth. AEA Growth is investing, upon the satisfaction of customary closing conditions, $65 million into AON and the proceeds of the investment will be used to help further AON’s goals of supporting community practices and improving the patient experience. AEA Growth will have a minority interest in the Company. AEA Growth’s investment follows a strong period of growth for AON, which generated over $1.1 billion in revenue in 2022 (reflecting over 20% growth year-over-year). As of December 31, 2022, AON’s platform includes almost 200 providers including over 100 physicians and 30 practices across 77 locations in 17 states.
Read the full article: American Oncology Network, a Rapidly Growing Network of Community-Based Oncology Practices, Receives Strategic Investment from AEA Growth //
Source: https://www.aoncology.com/2023/04/28/american-oncology-network-receives-strategic-investment-from-aea-growth