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ConcertAI to acquire CancerLinQ to build leading healthcare learning and research network in oncology

Press releases may be edited for formatting or style | December 11, 2023 Business Affairs
CAMBRIDGE, Mass. and ALEXANDRIA, Va., Dec. 11, 2023 /PRNewswire/ -- ConcertAI today announced the acquisition of CancerLinQ, previously a subsidiary of the American Society of Clinical Oncology (ASCO). In conjunction with the acquisition, ASCO will maintain a multi-year cooperation agreement with CancerLinQ. Building on CancerLinQ's mission when launched by ASCO in 2013, this new venture will enhance and expand CancerLinQ's use of real-world data, analytics, next-generation AI, and other technologies to improve cancer care and speed clinical research.

CancerLinQ represents one of the largest oncology real-world data and quality of care technology services entity in the world, uniquely bringing together clinical data from most major electronic medical record (EMR) systems. With a network of more than 100 cancer centers and oncology practices, 10 EMR system integrations, and data from nearly seven million patient records, CancerLinQ empowers oncology care teams and researchers with technology and data innovations to improve care and accelerate cancer research.

CancerLinQ will remain focused on quality and advancing the principles of precision medicine, expanding real-world data for a broader set of research purposes, and supporting a new clinical trials initiative evolving from CancerLinQ's TriaLinQ concepts. CancerLinQ will work closely with ASCO to prioritize the needs of oncology practices and support the expansion of the practice network.
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"We believe this agreement will provide the resources to fulfill and amplify CancerLinQ's impact, while allowing ASCO to harness the CancerLinQ platform for quality improvement initiatives and CancerLinQ Discovery data for research to support our mission," said ASCO's Chief Executive Officer Clifford A. Hudis, MD, FACP, FASCO. "We expect CancerLinQ to be an important avenue for practices to achieve certification under ASCO's recently launched ASCO Certified program."

"CancerLinQ may be one of the most important oncology networks in existence. We are pleased and privileged to be able to advance the original quality improvement goals and follow-on research interests of CancerLinQ in collaboration with ASCO, with urgency and alacrity," said Jeff Elton, PhD CEO of ConcertAI. "We are committing more than $250M to the quality solutions, data solutions, and novel clinical trial solutions over the coming few years to achieve the highest quality care, accelerate needed new biomedical innovations, and assure the best possible outcomes for patients."

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