In the News: Temple hires Juniper as it explores possible sale
Temple University announced Monday it has retained the services of Juniper Advisory to pursue strategic options for Temple University Health System, which include the possible sale of Fox Chase Cancer Center, neighboring Jeanes Hospital or both.
The move comes about a month-and-a-half after Temple’s Board of Trustees announced it had authorized a series of steps aimed at strengthening the health system’s finances and “preserve its ability to serve its mission.” One of those steps was authorizing the engagement of a financial advisor.
Juniper is an independent and privately-held investment banking firm, based in Chicago, that specializes in hospital merger and acquisition and other strategic affiliation consulting. The firm served as advisor to Aria Health, the operator of three hospitals in Northeast Philadelphia and Bucks County, for its dealing that led to the health system joining Jefferson Health.