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OTC Markets Group Welcomes American Oncology Network, Inc. to OTCQX
American Oncology Network IncAmerican Oncology Network Inc(US:AONC) GlobeNewswire News Room·2024-06-10 11:00

Company Overview - American Oncology Network, Inc. (AON) has qualified to trade on the OTCQX® Best Market, transitioning from NASDAQ to OTCQX under the symbol "AONC" [1] - AON is a rapidly-growing network of community-based oncology practices, founded in 2018, representing over 240 providers across 21 states [4] - The company focuses on innovative healthcare solutions through a physician-led model, promoting value-based care to improve patient outcomes while reducing costs [4] Financial Performance - AON has achieved a five-year revenue compound annual growth rate (CAGR) of 42% and has added more than 40 providers and four new practices in the current year [3] - The company emphasizes its robust financial position and the momentum it continues to experience in the oncology sector [3] Market Context - Trading on the OTCQX Market provides companies with efficient and cost-effective access to U.S. capital markets, with streamlined requirements designed to lower costs and complexity [2] - Companies must meet high financial standards and demonstrate compliance with applicable securities laws to qualify for OTCQX [2] Strategic Goals - AON is committed to promoting health equity by addressing disparities in cancer care and ensuring access to quality care for all patients [4] - The company aims to create long-term value through advanced patient treatment options, clinical research, and comprehensive care nationwide [3]