Healthcare Industry News:  proton 

Devices Oncology

 News Release - February 23, 2010

Financing Closed for First Proton Therapy Center in New Jersey

ProCure, New Jersey Physicians and Hospital to Offer Advanced Cancer Therapy

SOMERSET, N.J.--(HSMN NewsFeed)--ProCure Treatment Centers, Inc. (ProCure), Princeton Radiation Oncology and CentraState Health System announced today that they have closed financing and funded capital for the proton therapy center they are building in Somerset, N.J. An April groundbreaking ceremony is planned for the Center and they anticipate treating patients in 2012. It will be the first four-room proton therapy center in New Jersey and the metro-New York City area.

Currently available at only a handful of centers in the United States, proton therapy is an alternative to X-ray radiation for treating cancer. The therapy spares healthy tissue and results in far fewer short- and long-term side effects.

According to statistics from the American Cancer Society, nearly 48,000 people in New Jersey and 101,000 in New York were diagnosed with cancer in 2009. Using conservative estimates, approximately 27,000 of those patients could be candidates for proton therapy. The proton center in Somerset will be able to treat about 1,500 patients a year.

“We were able to close financing on our third proton therapy center because of Princeton Radiation Oncology and CentraState Health System, a passionate group of physicians and a hospital determined to provide the region with access to proton therapy,” said Hadley Ford, CEO of ProCure. “We are ready to start construction immediately, taking us a step closer to providing this important cancer treatment to more patients.”

“A number of our radiation oncologists have treated cancer with proton therapy and seen firsthand how effective it can be. We are eager to provide this proven treatment option to our patients,” said Brian Chon, M.D., a partner with Princeton Radiation Oncology, the radiation oncology practice that will provide clinical care at the Center. “We chose to align our group with ProCure because it has a depth of experience developing centers and providing an exceptional patient experience.”

“CentraState is honored to be a part of this significant endeavor,” said John T. Gribbin, FACHE, president & CEO of CentraState Health System of Freehold, N.J. “We’ve visited ProCure’s center in Oklahoma and knew that we wanted that same treatment option here for the many patients who could benefit in our region.”

The proton center will be constructed at 101 – 103 Cedar Grove Lane in Somerset (Franklin Township), N.J. A groundbreaking ceremony is planned for April 7. The 60,000-square-foot facility will have four treatment rooms, and all equipment to be used to treat patients in the center has been approved by the U.S. Food and Drug Administration. The development of the treatment center will create approximately 100 full-time jobs and 400 temporary positions for construction and start-up operations. New Jersey -based contractors will be used to construct the facility. The project will be funded entirely through private sources.

The New Jersey facility is one of five centers under construction or in development by ProCure, which opened the first center in its network in Oklahoma City in 2009. ProCure’s second center, under construction in suburban Chicago (Warrenville), is on target to open in early 2011. Others are under development in Seattle, Detroit and South Florida.

To learn more about proton therapy and the Center, visit procure.com/nj or call 888-592-2854.

ABOUT PROCURE TREATMENT CENTERS

ProCure Treatment Centers, Inc., based in Bloomington, Ind., was founded in 2005 to improve the lives of patients with cancer by increasing access to proton therapy. ProCure collaborates with leading radiation oncology practices and hospitals and provides management leadership and a comprehensive approach for the design, construction, financing, staffing, training and day-to-day operations of world-class proton therapy centers. ProCure's solution reduces the time, cost and effort necessary to create a facility. ProCure is the only company in the world with a center open and treating patients (Oklahoma City), another under construction in suburban Chicago (Warrenville) to open in early 2011, and four others in development (Somerset, N.J.; Seattle; South Florida; and Detroit). ProCure's Training and Development Center is the first facility in the world dedicated exclusively to proton therapy. For more information, visit http://www.procure.com.

About Princeton Radiation Oncology

Princeton Radiation Oncology (PRO), a division of Princeton Radiology Associates, PA (PRA), is a 10 physician group of board certified radiation oncologists who provide an array of advanced cancer treatments at five accredited cancer centers in New Jersey and Pennsylvania. PRO physicians are respected leaders in their field and have trained at premier cancer centers including MGH/Harvard Medical School, Johns Hopkins, University of Pennsylvania and Memorial Sloan Kettering. All have published literature in radiation oncology and many have been named as Top Doctors by their peers. A number of the PRO physicians have personal experience with advanced proton therapy from their training at Harvard’s Massachusetts General Hospital. For more information, visit www.princetonradiationoncology.com.

PRA is a 33 physician group practice which provides diagnostic radiology services at five sites in central New Jersey and radiation oncology services through PRO. In addition to providing direct patient care, the physicians of PRA established a research division, Princeton Radiology Pharmaceutical Research (RadPharm), which is now an internationally recognized leader in the evaluation of the efficacy of novel pharmaceutical agents for the treatment of cancer and other diseases.

About CentraState Healthcare System

CentraState Healthcare System is a non-profit community health organization consisting of an acute-care hospital, an ambulatory care campus, three senior living communities, a Family Medicine Residency Program, and a charitable foundation. It is a member of the Robert Wood Johnson Health Network and a clinical research affiliate of The Cancer Institute of New Jersey, a National Cancer Institute-designated Comprehensive Cancer Center. For more information, visit www.centrastate.com.


Source: ProCure Treatment Centers

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