6 / June / 2017

Investment supports regional growth of Icon


Posted 6 June 2017

Cancer care company Icon Group, whose flagship integrated centre opened in North Lakes last year, is set to further broaden its reach into regional Australia and international markets following the announcement that a Queensland Investment Corporation (QIC) led consortium will acquire a majority interest in the company.

Treasurer and Minister for Trade and Investment Curtis Pitt has welcomed QIC’s investment in Icon – the country’s fastest growing cancer care provider.

“Icon is Australia’s largest private day cancer care provider, with over 1 million patient interactions annually throughout Australia, New Zealand and Singapore,” Mr Pitt said.

“This investment will provide the capital needed to continue to grow the business domestically and internationally from their Queensland base,” he said.

“This means more high quality jobs for Queenslanders and better services for cancer patients.”

Icon’s services include radiation oncology, day oncology hospitals delivering chemotherapy and treatment for blood disorders, pharmacy and chemotherapy compounding, with the company establishing centres in communities that previously lacked access to comprehensive cancer care.

Icon Group’s CEO, Mark Middleton, said that the partnership “supports Icon’s long-term growth strategy to deliver the best cancer treatment possible, to as many people as possible, as close to home as possible.”

“This next step enables us to continue to deliver and expand our comprehensive cancer care offering to where people live – be that outer-metropolitan, regional or rural. This reduces the emotional and social burden of cancer, and ensures patients have the best access to cancer treatment possible,” he said.

“Our partnership with of Goldman Sachs Principal Investment Area (GS PIA), QIC and Pagoda Investments is founded on the traditional Australian approach of doing our very best work for the people we serve – patients, staff, and the wider healthcare industry.

“With the cancer burden in Asia set to outstrip that in the western world, there has never been a more important time for us to use our expertise and ethos to make a difference for people globally.”

In May, Icon celebrated one year since opening the first truly integrated private cancer centre in Australia right here in North Lakes, bringing together medical oncology and haematology as well as radiation oncology care under one roof.

As Australia’s largest dedicated cancer care provider, it is delivering world-class care to the local community – saving patients for journeying into the inner-city.

The state-of-the-art centre is a welcome addition for many patients throughout the Moreton Bay Region who have been able to access quality cancer care locally.

Icon’s involvement in the community extends beyond health care, partnering with Moreton Bay Region Industry & Tourism (MBRIT) at last year’s Christmas carol events across North Lakes, Pine Rivers, Scarborough and Caboolture.

Find out more at www.iconcancercentre.com.au