The excenters of bicentric polygons are concyclic

We show that the centers of the excircles of a bicentric polygon $B$ are concyclic on a circle $E$. The center of the circumscribed circle $K$ of $B$ is the midpoint of the center of $E$ and the center of the inscribed circle $C$ of $B$. The radius of $E$ is given by a simple formula in terms of the radii of $C$ and $K$ and the distance between their centers.