Jefferson in talks with Temple to acquire Fox Chase Cancer Center

Steve Tawa
January 11, 2019 - 1:14 pm
Thomas Jefferson University

David Madden/KYW Newsradio, file

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PHILADELPHIA (KYW Newsradio) — Thomas Jefferson University is looking to do another acquisition: Fox Chase Cancer Center in the northeast part of the city. 

Jefferson is negotiating with Temple University Health System to buy the highly regarded 100-bed medical center.

Jefferson President Steve Klasko says it would be a good fit to combine researchers and clinicians at Fox Chase, in the Burholme section of Northeast Philly, with experts at Jefferson's Sidney Kimmel Cancer Center in Center City.

Jefferson says: "The move opens the door to bring together significant complementary expertise in cancer treatment and breakthrough research to improve patient outcomes." 

Temple University President Richard Englert says it would help stabilize its health system. In a statement, he pointed out in light of "significant long-term operational and financial challenges" faced by its health system, selling Fox Chase would help it focus on its "core mission" of serving folks in North Philadelphia.

Jefferson has been in acquisition mode to expand its footprint. Under Klasko's watch since 2013, Jefferson Health has grown from three to 14 hospitals. Jefferson University also merged with Philadelphia University in 2017.