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Los Angeles Cancer Network acquires New Hope Cancer Institute, continuing its growth spurt

Nov 04, 20249 months ago

Acquiring Company

Los Angeles Cancer Network

Acquired Company

New Hope Cancer Institute

Los AngelesPomonaMedicalBiotechnologyHealth CareNon Profit

Description

The Los Angeles Cancer Network (LACN) proudly announces the acquisition of the New Hope Cancer Institute, further solidifying its commitment to reducing patient barriers and providing accessible, exceptional cancer care to communities in Southern California. With the addition of New Hope Cancer Institute, LACN now has 36 physicians caring for patients with cancers and blood disorders at 20 cancer care clinics in Los Angeles, Riverside, and Orange counties.

Company Information

Company

Los Angeles Cancer Network

Location

Los Angeles, California, United States

About

Los Angeles Cancer Network (LACN) is a leading provider of comprehensive oncology and hematology care in the greater Los Angeles area. The mission of LACN is to provide unparalleled care to each patient by offering individualized treatment using the most recent and relevant proven advances in cancer care.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

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