Bloomberg Businessweek - USA (2020-11-02)

F I N A N C E

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22

Edited by

Pat Regnier

Private equity leads the roll-up

of specialized treatment facili-

ties, raising competition worries

Cornering

Heath-Care

Markets

BloombergBusinessweek November 2, 2020

The Florida city of Naples is known for its

abundance of white-sand beaches, restaurants, and

resorts. But when it comes to cancer care, some

residents may find themselves with little choice. A

single company, GenesisCare, operates all four of

the city’s radiation treatment centers.

GenesisCare got its foothold in Naples after

buying another chain, 21st Century Oncology,

that grew with backing from private equity inves-

tors. Throngs of wealthy people hoping to retire

on Florida’s Paradise Coast made it plum territory

for the business, according to Isaac Vire, a former