Thomas Jefferson University Acquires Temple University’s Fox Chase Cancer Center

Temple University has sold the Fox Chase Cancer Center and its share of the insurer Health Partners Plans to Thomas Jefferson University. Both board directors have approved the transaction. The final price was not disclosed. The deal could take more than a year after a final agreement is reached. The deal requires Jefferson to pay cash.

The deal will expand the scope of the Center City Institution from three hospitals to 18 since 2015. Jefferson has also acquired Philadelphia University. According to Temple president Richard M. Englert, the acquisition strengthens Temple's financial situation as well as increases the focus . . .