Private equity firm Vestar Capital Partners has inked an agreement to acquire oncology treatment center operator Radiation Therapy Services in a deal valued at $1.1 billion.
Vestar will pay $32.50 per share plus assumed debt, according to RTS. The company owns 83 treatment centers in 16 states.
RTS' management team is backing the buyout and will retain a significant ownership in the business, according to the company. The deal is expected to be completed in the first quarter of 2008, and is subject to shareholder approval.
By AuntMinnie.com staff writers
October 22, 2007
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