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Temple likely to extend talks with Jefferson University on sale of cancer center

Exclusive negotiations between Thomas Jefferson University and Temple University over the sale of Fox Chase Cancer Center are likely to extend beyond the initial expiration date, according to The Philadelphia Inquirer.

Thomas Jefferson University and Temple University, both based in Philadelphia, signed an agreement to exclusively negotiate the acquisition of Temple's Fox Chase Cancer Center in Philadelphia in January. The initial deadline was June 30.

For Temple, the sale of the 100-bed Fox Chase system with 2,036 employees could help improve its finances and allow it to focus on providing healthcare services in a high poverty area in the city.

Despite the widening negotiation period, Temple CEO Larry Kaiser told The Inquirer that they are having "very frequent discussions" with Thomas Jefferson regarding the sale.

More articles on transitions and valuations:
U of Louisville won't buy Jewish Hospital from CHI
New York hospital acquires 2 family medicine practices
Tampa General teams up with urgent care provider

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