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 financial collapse of the parent organization, which had run up a deficit under the policy of rapid expansion led by its president Sherif S. Abdelhak claimed to be $1.3 billion. [ cite journal
last = Maguire
first = Phyllis
authorlink =
coauthors =
title = Allegheny's failure sends shock waves through academia
journal = ACP-ASIM Observer
volume =
issue =
pages =
publisher = American College of Physicians-American Society of Internal Medicine
date = December 1998
url = http://www.acponline.org/journals/news/dec98/failure.htm
doi =
id =
accessdate = 2006-10-17 ] [ cite journal
last = Holden
first = Constance
authorlink =
coauthors =
title = Medical School Caught Up in Pennsylvania Hospital Debacle
journal = Science
volume = 281
issue = 5381
pages = 1258–1259
publisher = American Association for the Advancement of Science (AAAS)
date = August 28 1998
url = http://links.jstor.org/sici?sici=0036-8075%2819980828%293%3A281%3A5381%3C1258%3AMSCUIP%3E2.0.CO%3B2-F
doi =
id =
accessdate = 2006-10-17 ] Eight of the hospitals were taken over by the for-profit Tenet Healthcare Corporation in a deal where Tenet acquired the schools of the university, but induced Drexel University to manage them as the MCP Hahnemann University of Health Sciences.

In 2002 the MCP Hahnemann University of Health Sciences was merged into Drexel University as the Drexel University College of Medicine and the Drexel University College of Nursing and Health Professions.

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