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Oncology Institute initiated with a Buy at BTIG

BTIG initiated coverage of Oncology Institute (TOI) with a Buy rating and $7 price target The company specializes in the treatment and management of cancer patients through a blend of both fee-for-service, capitated, and value-based-care contracts, the analyst tells investors in a research note. The firm says that with the aging of America and rising complex care cost trends amongst some health plans, especially in Medicare Advantage, fee-for-service revenue within Oncology Institute will rise through 2025. Demand for capitated and managed care, sub-contracted risk will likely increase as well, contends BTIG.

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