City Of Hope To Broaden Research And Care Nationally With Close Of Cancer Treatment Centers Deal – Forbes

City Of Hope To Broaden Research And Care Nationally With Close Of Cancer Treatment Centers Deal – Forbes

City Of Hope is looking to expand its “research, innovation and specialized cancer care” to more … [+] patients nationally now that its $390 million purchase of Cancer Treatment Centers of America acquisition closed effective Feb. 2, 2022, the health system’s chief executive says. In this photo is City of Hope Helford Clinical Research Hospital.
City Of Hope is looking to expand its “research, innovation and specialized cancer care” to more patients nationally now that its $390 million purchase of Cancer Treatment Centers of America acquisition has closed, the health system’s chief executive says.
The deal, which closed Wednesday, combines two big providers of cancer treatment that will now bring City of Hope’s expertise as a National Cancer Institute-designated comprehensive cancer center in southern California to Cancer Treatment Centers (CTCA) markets across the country. CTCA has hospitals in the Chicago, Phoenix and Atlanta markets, but draws patients to these inpatient facilities and its outpatient centers from across the country.
“A decade ago, City of Hope decided that academic cancer centers had an obligation to take their care and research into communities where patients live,” said Robert Stone, president and CEO of City of Hope said in response to questions about the combined organization’s future strategy. “Some 80% of the cancer care in this country is not delivered in an academic center; it’s delivered in the community. Cancer patients’ outcomes vary dramatically, including by zip code and also by their distance from an NCI-designated cancer center.”
Given Cancer Treatment Centers brand and markets, City of Hope said it sees an opportunity to now reach more patients and create a “new model for how cancer care is delivered.”
The combined organization, which has more than 11,000 employees and 575 physicians, will serve about 115,000 patients annually, City of Hope said. Cancer Treatment Centers, which has been a private for-profit company, will soon “begin the process of converting CTCA to a nonprofit organization,” City of Hope said Wednesday.
The broader reach of the larger City of Hope organization will also help with research from a bigger pool of patients and their treatment challenges, executives said.
“Expanding the number of patients we can reach will certainly provide deeper data, which in turn will bolster our research, help accelerate the progress and breakthroughs we are making with precision medicine, and allow for greater availability of clinical trials – all to the benefit of our patients,” Stone said. “Being able to treat more patients will allow for greater longitudinal healthcare and genomic data, but also improve the ability to analyze it, know what’s relevant and not only apply it to the research setting but also develop new therapies that target the patient’s unique needs.”

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