Yeshiva Looks to Partnership to Control Costs at Einstein College of Medicine

May 28, 2014

Yeshiva University is looking to help rectify some of its financial difficulties by giving up day-to-day operations of its Albert Einstein College of Medicine, the university announced Tuesday.

Yeshiva wants to form a new entity with its longtime partner that runs the university hospital at the medical college, the Montefiore Health System. Shortfalls at the university as a whole have been driven by operations at the medical college.

Under the planned arrangement, Montefiore will take “greater responsibility for the day-to-day operations and financial management” of the medical college while Yeshiva will remain the degree-granting institution for it, the university and the health system said in a news release. The university’s trustees and the health system’s board leadership have endorsed the plan, but there is not yet a final agreement and that agreement would then be subject to regulatory approval. 

+ -

Expand commentsHide comments  —   Join the conversation!

Opinions on Inside Higher Ed

Inside Higher Ed’s Blog U

Back to Top