A Philadelphia hospital that has been marketed on television in the Harrisburg area for years will be sold.
The Cancer Treatment Centers of America hospital in Philadelphia will be purchased by Temple University Hospital. Temple and Cancer Treatment Centers of America have signed an asset purchase agreement for the buildings, equipment and supplies of the current campus at 1331 E. Wyoming, Ave. in Philadelphia.
Following the transaction and pending approval from the Pennsylvania Department of Health, the hospital will be reconfigured and operated as a nonprofit institution, according to a press release. The transaction is expected to be completed by the end of June.
Temple University Health System includes Temple University Hospital; TUH-Episcopal Campus; TUH-Jeanes Campus; TUH-Northeastern Campus; The Hospital of Fox Chase Cancer Center and The Institute for Cancer Research among several other entities. Temple University Health System is affiliated with the Lewis Katz School of Medicine at Temple University.
“Acquisition of these resources will enable us to expand access to Temple Health’s outstanding academic medical services to the Philadelphia’s Juniata Park region and beyond,” Michael A. Young, president and CEO of Temple University Health System and Temple University Hospital said in a press release. “We will identify specific services we plan to offer in that location in the coming months.”
The Cancer Treatment Centers of America has hospitals in Atlanta, Chicago and Phoenix as well as several outpatient centers. The first hospital opened in Illinois in 1988. A hospital in Tulsa will close operations in June. The Philadelphia hospital opened on Dec. 19, 2005.
“CTCA Philadelphia has been honored to serve cancer patients in this community,” Maria Scenna, president of CTCA Philadelphia said in a press release. “Temple Health is well-positioned to integrate these facilities into a broader continuum of care, while expanding access to their services for the local community. Our top priority will be to ensure the seamless transition of patient care as well as work with Temple Health on employee transitions.”
The Cancer Treatment Centers of America filed a WARN (Worker Adjustment and Retraining Notification Act) notice with the Pennsylvania Department of Labor & Industry on April 1. The Cancer Treatment Centers of America informed the state that it will lay off 365 people as a result of the sale. The hospital said in the WARN notice that some of the employees will be offered employment at affiliated entities outside of the state. A spokesperson for the Cancer Treatment Centers of America said in an e-mail that Temple Health and/or its affiliates anticipates hiring a significant number its employees.
The WARN Act is federal legislation that offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of a covered-business closing or covered-business mass layoff.
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