Yeshiva Revives Deal To Offload Einstein College of Medicine
Albert Eintstein College of Medicine Dean Allen Spiegel addressing students. Image by Paul Berger
By Paul Berger February 3, 2015
Yeshiva University has revived a deal to offload its costly medical school. Students learned today that Montefiore Health System is close to finalizing the on-again off-gain agreement take over the operations and financial responsibility for the Albert Einstein College of Medicine.
Einstein’s dean, Allen Spiegel, told 200 students a rally on Tuesday morning that the final legal documents for the deal were still being signed.
Plans to partner with Montefiore, announced in May by Y.U. president Richard Joel, stalled in November, exacerbating the Y.U.’s financial woes.
Y.U. has posted operating deficits of up to $100 million in each of the past six years. Consultants estimated that Einstein accounted for two-thirds of that annual deficit.
Why I became the Forward’s Editor-in-Chief
You are surely a friend of the Forward if you’re reading this. And so it’s with excitement and awe — of all that the Forward is, was, and will be — that I introduce myself to you as the Forward’s newest editor-in-chief.
And what a time to step into the leadership of this storied Jewish institution! For 129 years, the Forward has shaped and told the American Jewish story. I’m stepping in at an intense time for Jews the world over. We urgently need the Forward’s courageous, unflinching journalism — not only as a source of reliable information, but to provide inspiration, healing and hope.
Support our mission to tell the Jewish story fully and fairly.
