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Temple University Hospital and Cancer Treatment Centers of America Sign Asset Purchase Agreement

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Temple University Hospital (TUH) and Cancer Treatment Centers of America (CTCA) have signed an asset purchase agreement for the buildings, equipment and supplies of the current CTCA Philadelphia comprehensive cancer center campus located at 1331 E. Wyoming, Ave., in the Juniata Park section of Philadelphia.  Following the transaction and pending approval from the Pennsylvania Department of Health, the hospital will be reconfigured and operated as a nonprofit institution, consistent with Temple Health’s charitable mission. CTCA and TUH hope to close the transaction before the end of June. Michael A. Young, MHA, FACHE, President and CEO of Temple University Health System and Temple University Hospital spoke with the Philadelphia Inquirer and Philadelphia Business Journal about the agreement. 6ABC also provided coverage.