Premier, Saint Clare form radiation therapy joint venture

Twitter icon
Facebook icon
LinkedIn icon
e-mail icon
Google icon

Premier Oncology, a wholly owned subsidiary of the Sagemark Companies, has entered into a joint venture with Saint Clare’s Hospital to establish a radiation therapy center that will be located on the Saint Clare’s Hospital medical campus in Dover, N.J.

Advanced Radiation Therapy, the joint venture company, will feature a TomoTherapy Hi-Art system, according to the New York City-based Sagemark.

Saint Clare’s Hospital will manage the day-to-day operations of the center and will own 51 percent of the venture, Sagemark said. It is anticipated that the radiation therapy center will open in Spring 2008, subject to certain terms and provisions of the joint venture agreements, including licensing, equipment financing and N.J. regulatory approval.