Fort Myers cancer services practice receives $65 million investment

AEA Growth, a private global private investment firm that traces its founding to the Rockefeller family, is investing $65 million into American Oncology Network, a Fort Myers cancer treatment company. 

The strategic growth investment, subject to closing conditions, “will be used to help further AON’s goals of supporting community practices and improving the patient experience,” according to a statement. AEA Growth will have a minority interest in AON, which will continue to be majority owned and governed by licensed oncologists, the release adds. 

Founded in late 2018, AON officials say AEA Growth’s investment follows a strong period of growth for the company, which generated over $1.1 billion in revenue in 2022 — up more than 20% year over year. As of Dec. 31, 2022, AON has some 200 providers in its portfolio, including 106 physicians and 30 practices across 77 locations in 17 states.