Alliance Oncology Agrees To Form Partnership With Pacific Cancer Institute

(RTTNews) - Alliance Oncology, a division of Alliance HealthCare Services, Inc. (AIQ) Wednesday said it has executed an agreement to form a partnership with Pacific Cancer Institute or PCI, to acquire a 95 percent controlling interest in the center.

PCI is a radiation oncology center founded by Bobby Baker, M.D. Alliance Oncology believes PCI will be a strategic partner to further expand its footprint, while adding value to the vast network of physicians and physicists.

The closing of the transaction is dependent on various conditions that are expected to be satisfied before the end of the year.

The PCI facility includes a full radiation therapy team: radiation oncologists, medical physicists, nurses, and radiation therapists who work with patients to develop customized cancer treatment plans.

PCI has been a part of the community of Hawaii for 21 years and is focused on radiation oncology treatments. It has an expected annual revenue of $6.3 million for 2015.