GenesisCare acquires Cancer Partners UK

GenesisCare acquires Cancer Partners UK

GenesisCare, Australia’s largest provider of radiotherapy services, is getting bigger after acquiring Cancer Partners UK for an undisclosed sum.

GenesisCare, which is 46 per cent owned by private equity firm KKR with management holding 13 per cent and about 150 doctors owning the remaining 41 per cent, is looking to create a network of around 25 specialist cancer care centres in the United Kingdom and Western Europe.

Cancer Partners UK (CPUK), which provides overflow support to National Health Service (NHS) hospitals, already operates eight purpose-built cancer treatment centres and GenesisCare plans to add another three in that market.

GenesisCare Managing Director, Dan Collins said: “We can achieve a better result for patients across the UK with a focus on innovation, sharing global best practice and investment in the latest technology and treatment techniques.”

The expansion into the UK comes at a significant time with the company flagging a potential $1 billion initial public offering.

An award winning author and journalist, commentator, lecturer, and speaker, Leon is a freelance business journalist who covers a range of areas including politics, strategy, globalization, leadership and all the big trends ahead. His main skill is summing up all the news that’s around. For the last 30 years, his main focus has been on management issues. He also produces two podcasts for RMIT University, Talking Business and Talking Technology. Leon has worked for Fairfax, News Limited, AAP and the Herald and Weekly Times.

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