Thomas Jefferson University revealed a $530 million capital spending plan, funded partially by a $1.1 billion debt offering. The investment will focus on enhancing the Thomas Jefferson University Hospital emergency department, expanding immune-therapy cancer treatment services, and modernizing facilities. Additionally, Jefferson aims to create a cellular therapy division to compete with Penn Medicine in CAR-T and bone marrow transplant treatments.
Thomas Jefferson University, headquartered in Philadelphia, outlined $530 million in capital spending projects that it will pay for with part of a $1.1 billion debt offering.
Hospital. That project is part of Jefferson’s “Center City optimization” effort that will “transform and modernize TJUH’s hospital facilities.” Jefferson did not provide additional details in the bond document. Jefferson, a nonprofit with more than $14 billion in annual revenue, also wants to create a cellular therapy division to expand its CAR-T and bone marrow transplant businesses, the bond offering said. That puts Jefferson
Jefferson offers all commercial CAR-T therapies for blood cancer and melanoma, a spokesperson said. It also participates in clinical trials for solid tumors, such as breast, lung, and colon cancers.
Capital Spending Healthcare Expansion Cancer Treatment Thomas Jefferson University Hospital Immunotherapy
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