Allegheny University of the Health Sciences

Allegheny University of the Health Sciences was formed in 1994 when the Medical College of Pennsylvania (MCP) and Hahnemann University merged to form the largest private medical school in the US (MCP Hahnemann School of Medicine), under the new University of the Health Sciences, which also included schools for allied medical disciplines. MCP had been the first medical school to be purchased by a hospital (Pittsburgh's Allegheny General Hospital). The new university and other hospitals all were units of the Allegheny Health, Education and Research Foundation (AHERF). On July 21, 1998 Allegheny University of the Health Sciences became the first US medical school to declare bankruptcy with a deficit of $25–35 million as part of the...