Under the terms of the agreement, the UT San Antonio center will be rebranded the UT Health San Antonio MD Anderson Cancer Center. Both the San Antonio center and MD Anderson will continue to operate as normal and will remain a part of the UT system.
MD Anderson officials will also assist in choosing an executive director to lead the newly rebranded facility.
San Antonio cancer center officials said the facility will reimburse MD Anderson for a portion of the costs incurred as a result of the affiliation. The financial terms of the transaction were not disclosed, according to the article.
More articles on transactions and valuations:
Banner Health completes acquisition of 32 urgent care centers in Ariz.
Door County Medical Center, Hospital Sisters Health System embark on affiliation
Independent physicians’ group opposes Wellmont, MSHA merger
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