Mar. 26—Temple University Health System has agreed to buy the Philadelphia location of Cancer Treatment Centers of America, the two organizations said Thursday. The price was not disclosed.
Cancer Treatment Centers of America is a private for-profit. Temple said it will convert the Juniata Park location into a nonprofit. The deal includes buildings, equipment, and supplies.
Michael A. Young, president and chief executive of Temple University Health System, said the acquisition will give Temple office space to replace what was lost in a fire last year. The deal will also provide room to spread out clinical programs that are now crammed into Temple University Hospital, and it offers a good chance to hire many of the 350 cancer center employees who generate high patient satisfaction scores.
“This gives us clinical opportunity, close enough to Temple that will allow us to eventually move some programs over there,” Young said. It could