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OnCURE Medical Corp. Expands Its Florida Network By Adding Radiation Centers in Ocala and Beverly Hills

Posted on: Friday, 1 February 2008, 18:00 CST

OnCURE Medical Corp. ("OnCURE"), a leading provider of freestanding radiation therapy services, today announced that it acquired the Ocala Community Cancer Center and the Cancer Treatment Center of The Nature Coast located in Ocala and Beverly Hills, Florida, respectively. The centers have been operated by American Radiation Oncology Associates (AROA) and Dr. G. Jayanth Rao, the founder, and his partner Dr. Ravi Sandrapaty.

Dr. Shyam Paryani, Chairman of the OnCURE Board of Directors, stated, "We are excited about this transaction with AROA. Their two centers complement our network of centers in Florida that are committed to delivering excellent patient care."

Dr. Rao, the founding associate of AROA is excited and pleased to be associated with OnCURE and its affiliated physician groups throughout Florida. Drs. Rao and Sandrapaty are eagerly looking forward to both their new association with OnCURE and to continue to provide quality care to their patients. Dr. Rao added, "We will continue to abide by our pledge to provide hope through innovative and compassionate care with OnCURE's expertise, commitment to excellence and as our financial partners."

"OnCURE is the second largest freestanding provider of radiation therapy services in the State of Florida, and with the addition of AROA to our existing network, we remain committed to expand our regional networks of radiation centers in association with quality physicians. We are extremely proud to be partnering with Drs. Rao and Sandrapaty who possess a great reputation in their community for providing the highest quality of care to their patients," said David Chernow, Chief Executive Officer of OnCURE.

About OnCURE

OnCURE, headquartered in Newport Beach, California, owns, operates and manages 37 radiation centers, all located in California and Florida. OnCURE's centers provide treatment areas and equipment for radiation therapy and diagnostic radiology, including IMRT, IGRT, CT, and PET/CT. OnCURE does not own physician practices nor does it maintain any control over the provision of professional medical services at its centers. OnCURE does, however, provide capital, technology, and management expertise to its affiliated physician groups, including clinical staff & management, billing and collection, data warehousing, accounting, compliance and other administrative services. OnCURE is associated with a Medical Advisory Board comprised of all of the radiation oncologists who provide medical services to the OnCURE facilities. Currently there are approximately 70 physicians on the Medical Advisory Board. For more information on OnCURE, please visit our web site at www.OnCURE.com.

OnCURE is a privately held company whose shareholders include Genstar Capital, LLC, Ares Management, LLC, Caisse de Dupot and OnCURE management.

Source: Business Wire

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