Investment firm to buy U.S. Oncology

Welsh, Carson, Anderson & Stowe, a New York-based leveraged buyout firm, announced Monday that it will pay $1.7 billion to acquire and take private Houston-based U.S. Oncology, a publicly-owned manager of cancer treatment centers across the country. U.S. Oncology treats approximately 15 percent of newly diagnosed cancer patients each year through a network of 875 physicians in 32 states.

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