BDO Capital Advisors Announces the Sale of Savannah Oncology Center to St. Joseph’s/Candler Hospital
BDO Capital Advisors, LLC (“BDO Capital”) is pleased to announce the closing of the sale of Savannah Oncology Center (“SOC” or the “Company”), a premier radiation oncology center, to St. Joseph’s/Candler Hospital (“SJ/C”).
BDO Capital was introduced to the management team at SOC by an Operating Managing Partner of Hancock Askew, LLP, a BDO Alliance firm based in Savannah, GA. Thanks to Hancock Askew’s long standing, trusted relationship with the shareholder of SOC and persistence in facilitating an introduction to BDO Capital, the Boston office of BDO Capital was retained by the Company as its investment banker.
SOC, a privately held corporation headquartered in Savannah, Georgia, is a leading provider of radiation oncology treatments in Georgia and South Carolina. The Company provides sophisticated, clinic-based radiation therapy services through its three fully-operational radiation oncology centers, located in Savannah, Georgia and Hilton Head, South Carolina. Through the Company’s freestanding radiation therapy facilities, SOC provides radiation therapy including (i) Intensity Modulated Radiation Therapy (“IMRT”), (ii) Image-Guided Radiation Therapy (“IGRT”) and (iii) stereotactic radio surgery, as well as high-dose and low-dose brachytherapy and disease-specific radiation treatments. SOC is accredited by the American College of Radiology.
St. Joseph’s/Candler is a leading healthcare provider throughout the state of Georgia. SJ/C offers healthcare services across the entire continuum, including local and regional primary care, specialized inpatient and outpatient services through its two anchor hospitals, home healthcare services, as well as a wide variety of community outreach and education efforts throughout the region.
About BDO Capital Advisors, LLC
BDO Capital Advisors, LLC is a leading middle market investment bank that focuses on mergers and acquisitions advisory, capital raising, and board advisory with offices located throughout the United States. The firm has deep industry knowledge, extensive cross-border transaction experience, and superior execution capabilities. BDO Capital Advisors, LLC provides sell-side and acquisition advisory, ESOP advisory, private placements, fairness opinions, and capital markets advisory. The firm has broad industry expertise and contacts having closed transactions within the Manufacturing & Distribution, Consumer, Food & Retail, Healthcare & Life Sciences, Business Services, Energy & Natural Resources, and Technology, Media & Telecom sectors. Our seasoned investment bankers have collectively advised on hundreds of transactions for a variety of clients including family-owned businesses, entrepreneur-led companies, public corporations, and leading private equity firms.
The firm has worldwide access to buyers, sellers, and offshore investors via the Corporate Finance practices of BDO International’s network of independent member firms which have been ranked collectively as a Top 5 global M&A midmarket advisor based on total deal volume announced in 2016, according to Thomson Reuters SDC. BDO International Corporate Finance firms operate in approximately 60 countries with over 2,000 professionals who are able to meet the investment banking needs of clients across the globe.