Statement from Montefiore Health System and Yeshiva University

Building on the agreement originally announced in May, the Boards of Trustees of Montefiore Health System and Yeshiva University announced today that they have agreed on the principal terms of an agreement with respect to the Albert Einstein College of Medicine. While subject to final documentation and regulatory approval, the parties are proud to continue their longstanding relationship as part of Einstein's future as a top-tier medical school and research institution.

"The agreement deepens the bonds between Montefiore and Einstein, further integrates the institutions' faculty, students, and staff, and aligns operations to best advance science and medicine. Montefiore and Yeshiva look forward to sharing further details about this historic agreement in the months ahead.

Einstein Applauds New Montefiore Agreement

The Boards of Montefiore Health System and Yeshiva University have voted unanimously to approve a joint venture between the two institutions that will assure a bright and sustainable future for Einstein.

"Over the past six years, Einstein and Montefiore have deepened their relationship to the mutual benefit of both institutions and importantly to patients," said Allen M. Spiegel, M.D., the Marilyn and Stanley M. Katz Dean of Einstein. "This new agreement is a natural extension of this connectedness and marks a significant advancement."

Einstein and Montefiore have been affiliated since 1963. In 2009, the institutions heralded a new era when Dr. Spiegel and Steven Safyer, M.D., President and CEO of Montefiore, and an Einstein alumnus, signed an historic agreement that strengthened their ties in clinical care, medical research and teaching. Knitting the two institutions closer, they launched joint clinical centers of excellence in cancer care, heart and vascular care, and for transplantation, as well as the Children’s Hospital at Montefiore (CHAM); established a $25 million, NIH-funded joint institute for clinical and translational research; recruited top faculty and staff for key leadership positions; and increased representation on each other’s governing boards.

"Like Dr. Safyer, I’m a graduate of Einstein’s medical school and have been a physician at Montefiore for years," said Edward Burns, M.D., executive dean at Einstein. "There is a natural affinity between the two institutions in their commitment to serving those with means and those in need. This new arrangement will further our shared mission: to advance medical research and train clinicians with the ultimate goal of improving human health."