Waud Capital-backed Provider Network completed the acquisition ofCornerstone Specialty Network.

Waud Capital-backed Provider Network, a range of specialized services to support the specialty medication supply chain, completed the acquisition of Cornerstone Specialty Network, a provider of value-added services to community-based oncology practices. Financial terms were not disclosed. "This is a great outcome not only for Cornerstone, but also for the broader network of community-based oncology practices we work with. We're very excited to partner with WCP and Provider Network Holdings in this next phase of growth. Our goal has always been to provide long-term, sustainable value to independent community-based specialty practices, and together with Provider Network Holdings, we will continue that mission. As our exclusive financial advisor, Provident was a tremendous resource and served as our guide through this complex process. They got to know Cornerstone inside and out and led a structured process, allowing us to evaluate a number of high-quality partners. We always felt represented in the most competent, professional, and expert manner, and it was clear their primary concern was to achieve Cornerstone's goals," Joel Schaedler, Cornerstone CEO.