Thursday, June 30, 2005

Cancer Fighting Hospital to Open in Northeast Philadelphia

According to the Philadelphia Business Journal, Cancer Treatment Centers of America (“CTCA”) – an Illinois-based company – is creating what will be its first East Coast hospital on the site of the former Parkview Hospital in Northeast Philadelphia. The cancer-fighting center - scheduled to open in November 2005 – should generate 170 new jobs in year one and up to 500 jobs within the first three years. CTCA estimates the center's regional economic impact to be $6 million in its first year of operations, and approximately $22 million annually by year five. The Philadelphia hospital will be CTCA's fourth regional cancer center, joining others in Zion (IL); Tulsa, (OK); and Seattle (WA).

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