Provision Healthcare

What Provision Healthcare does

Provision Healthcare is a privately held, for-profit cancer care and proton therapy company founded in 2005 and headquartered in Knoxville, Tennessee. It operates across the cancer care value chain through multiple subsidiaries: ProNova Solutions (proton therapy system manufacturing), Provision Health Services (clinical services), Provision Diagnostic Imaging (diagnostic services), the Provision Center for Biomedical Research, Provision Trust, and the Provision Foundation. Its flagship product, the ProNova SC360, is positioned as the first and only superconducting compact proton therapy system with a full 360-degree treatment angle, targeting the high-capital proton therapy equipment market alongside its clinical service delivery operations.

The company's business model combines capital equipment sales of proton therapy systems with downstream healthcare service revenue from imaging, treatment, and consulting across its network. It serves two principal customer segments: enterprise healthcare organizations and cancer centers purchasing proton therapy systems, and individual cancer patients receiving diagnostic and treatment services. The company employs 101-250 staff and has raised $30.35M in disclosed funding as of October 2016; no subsequent financing rounds are documented in the input data.

The ProNova SC360 system is built on superconducting magnet technology enabling a compact footprint and full 360-degree gantry rotation, a technical specification distinguishing it from incumbent proton therapy systems from Varian (now Siemens Healthineers) and IBA. Leadership has been sourced from these incumbents as well as Philips, and the most recent senior appointment is Moataz Karmalawy as President and CEO of ProNova Solutions in February 2024.

Name

Provision Healthcare

Legal name

Provision Healthcare, LLC

Website

https://provisionhealthcare.com

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

101–250 employees

Short description

Provision Healthcare is a privately held Knoxville, Tennessee-based cancer care company founded in 2005 that manufactures the ProNova SC360 proton therapy system and operates clinical, diagnostic imaging, and biomedical research services for cancer patients and healthcare provider customers.

Ownership category

akta.pro rank

Product category

Radiation Oncology / Proton Therapy

NAICS

Specialty (except Psychiatric and Substance Abuse) Hospitals (622310), Medical and Diagnostic Laboratories (6215), Diagnostic Imaging Centers (621512)

SIC

Services-Hospitals (8060), Services-Specialty Outpatient Facilities, Nec (8093), Services-Medical Laboratories (8071)

akta.pro primary industry

Oncology & Cancer Specialty Hospitals (HLAFAHAC)

Keywords

• Proton therapy systems
• Cancer treatment services
• Diagnostic imaging services
• Clinical research services
• Radiation oncology equipment

Headquarters

HQ city

Knoxville

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Supply Chain

Revenue model

1. ProNova SC360 Proton Therapy System Sales: Sale of the SC360 proton therapy system, a capital medical device, to cancer centers and healthcare organizations worldwide. This is a high-value capital equipment sale model typical of medical device manufacturers.
2. Healthcare Consulting and Project Development Services: Provision Health Services offers consulting, comprehensive project development, and professional services to ensure highest quality of care. The Provision Cancer Center model can be customized with phased development to achieve client goals.
3. Diagnostic Imaging Services: Provision Diagnostic Imaging operates a freestanding, non-hospital imaging facility in Knoxville, Tennessee offering state-of-the-art medical imaging technologies for cancer detection, staging, and monitoring.
4. Clinical Research Services: Provision Center for Biomedical Research performs administration, regulatory, and management functions of clinical trials; coordinating with clients to determine safety, efficacy, and clinical usefulness of treatment therapies and pharmaceutical products. Supports Phase II through Phase IV clinical studies.
5. Proton Therapy Treatment Services: Operating proton therapy centers that deliver treatment services to cancer patients. Provision grows cancer centers and advances proton therapy with proven best practices incorporated into integrated solutions.

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

Provision Healthcare operates proton therapy cancer treatment centers and, through its ProNova Solutions subsidiary, manufactures the ProNova SC360 Superconducting Compact Proton Therapy System for sale to other cancer centers. The company additionally provides diagnostic imaging, clinical and biomedical research, and healthcare consulting/project development services through its operating subsidiaries.

Product overview

Provision Healthcare is a multi-faceted healthcare organization that operates as both a medical device manufacturer and comprehensive cancer center developer. The core product is the ProNova SC360 Proton Therapy System, a superconducting compact proton therapy system developed by subsidiary ProNova Solutions. This is complemented by Provision Health Services (consulting and project development for cancer centers), Provision Diagnostic Imaging (diagnostic imaging services), and Provision Center for Biomedical Research (clinical trial management). The company was formed in 2005 with a focus on improving patient care and clinical outcomes through proton therapy innovation.

Differentiator

Problem solved

Functional benefit

Products and services

• ProNova SC360 Superconducting Compact Proton Therapy System
• Proton Therapy Treatment Services
• Diagnostic Imaging Services
• Clinical and Biomedical Research Services
• Healthcare Consulting and Project Development

Quantifiable outcome

• Proton therapy destroys cancer cells while minimizing damage to nearby healthy tissue and organs, reducing the risk of negative side effects during and after treatment.

Segments4 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• The Alliance for Proton Therapy AccesscoreStrategic or Co-development PartnerMoataz Karmalawy serves as Founder and Chairman of the Board of Directors for The Alliance for Proton Therapy Access, demonstrating Provision Healthcare's commitment to improving patient access to proton therapy globally.
• SPTC Proton Therapy CentercoreStrategic or Co-development PartnerMoataz Karmalawy serves as an Executive Board Member of the SPTC Proton Therapy Center, supporting the development and advancement of proton therapy services.
• Ergea FranceminorStrategic or Co-development PartnerMoataz Karmalawy serves as a Medical Scientific Board member of Ergea France, a healthcare services organization.
• Local, Regional, and National Healthcare PartnerscoreStrategic or Co-development PartnerProvision Healthcare maintains local, regional, and national partnerships and resources to provide a seamless and comprehensive approach to developing proton therapy treatment centers that put patients first.

Scale indicators2 records

Recent moves6 records

Expansion highlights2 records

Market position

Strengths4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/provision_hc
• Facebookfacebook.com/ProvisionHC
• LinkedInlinkedin.com/company/provision-health-partners

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Provision Healthcare