NEW YORK (September 10, 2015)—Montefiore Health System (Montefiore) and Yeshiva University (Yeshiva) announced today that they have finalized a new agreement for Albert Einstein College of Medicine (Einstein), where Montefiore assumes operational authority and responsibility for Einstein, while Yeshiva remains responsible for academic oversight, including the granting of degrees. The agreement comes half a century after Yeshiva and Montefiore's landmark affiliation was forged to strengthen Einstein's excellence in science, education and clinical care.

"As the University Hospital for Albert Einstein College of Medicine we have together strengthened the shared missions of our two institutions in a way that few Academic Medical Centers have been able to achieve," said Steven M. Safyer, M.D., president and CEO, Montefiore. "Montefiore and Einstein have become the example of what transformative care, science and education can be. This new agreement which brings us even closer will be the first step toward a more secure and sustainable future."

“Montefiore and Einstein have become the example of what transformative care, science and education can be. This new agreement which brings us even closer will be the first step toward a more secure and sustainable future.”

– Steven M. Safyer, President and CEO, Montefiore

Montefiore and Einstein's relationship is rooted in shared values and a commitment to social justice. This historic agreement will perpetuate Einstein as a top-tier medical school and research institution by deepening the bonds between Montefiore and Einstein. Further integrating the institutions' faculty, students, and staff, will align operations to best advance science and medicine and build on traditions of service and success.

"This is part of a journey that began when Yeshiva University founded Einstein 60 years ago," said Richard Joel, president, Yeshiva University. "Albert Einstein lent his name to this fledgling institution at a time when Jewish students were turned away from other schools. The new imperative in today's complex health care environment is to formally link this now world-class medical school and research institution to a world-class health system. Yeshiva University continues its historic commitment to medical education while we further our unique mission to prepare students through a contemporary academic education enlightened by Jewish values."