Alvarez & Marsal

ION Boston Management Enters into Proton Therapy Consulting - Arrangements with Massachusetts General Hospital Affiliate

Alvarez & Marsal Development LLC and Dr. Heinz-Dieter Kals Announce World Class Partnership in State of the Art Cancer Therapy

    Dusseldorf (ots) - ION Boston Management GmbH, which is 50%-owned by Alvarez & Marsal Development LLC and Dr. Heinz-Dieter Kals, has entered into a Radiology Oncology Associates Services Agreement, as of November 1, 2006 with Massachusetts General Physicians Organization, Inc. ("MGPO"), acting on behalf of Massachusetts General Hospital, through its Radiology Oncology Associates.

    The four year agreement provides for MGPO to deliver a broad range of proton beam therapy advisory services exclusively through Ion Boston to those projects that are identified in the Agreement. The initial projects so identified are located in Germany. The services include physician and technician training, software and other technology, finance, research and administration/management.

    According to Dr. Heinz-Dieter Kals, "Proton beam therapy is an advanced form of radio-oncology treatment, and has the advantage of producing successful treatment outcomes, with substantially less damage to healthy tissue and fewer side effects than conventional forms of photon-based radio-oncology treatments."

    There are presently numerous proton treatment facilities under construction, development, or consideration at German university medical centers, and elsewhere in the EU.

    Stated Gordon Travers, a Managing Director of Alvarez & Marsal and Geschäftsführer of ION Boston Management GmbH, "With this agreement, ION Boston is able to combine the expertise of MGPO in the fields of medicine, science and technology, with the premier financial and operational capabilities of Alvarez & Marsal, which includes both pre- and post- completion management and systems, as well as financial engineering and access to capital markets."

    In addition, Travers noted that "our close, preferred partner relationship with Johnson Controls in Germany allows our clients to benefit from its expertise in delivering end-to-end workplace solutions that improve businesses operations, benefit people and save money."

    Ion Boston believes that this combination of service offerings is unrivaled in scope and quality in today's marketplace.

    For more than 20 years, Alvarez & Marsal has set the standard for working with organizations to tackle complex operational issues, boost performance and maximize value for stakeholders. As the leading, independent global professional services firm, Alvarez & Marsal excels at problem solving and value creation. Serving clients ranging from international enterprises to middle market companies and public sector organizations, the firm draws on a deep operational heritage and hands-on approach to deliver comprehensive performance improvement, turnaround management and corporate advisory services.  

    With seasoned professionals based in locations throughout North America, Europe, Asia and Latin America, Alvarez & Marsal provides Turnaround Management services, including Performance Improvement; Turnaround and Restructuring Advisory; Interim and Crisis Management; Creditor Advisory and Claims Management. Alvarez & Marsal's advisory services also include: Business Consulting; Real Estate Advisory; Dispute Analysis & Forensics; Corporate Finance; Tax Advisory and Transaction Advisory.  For more information about the firm, visit

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