Montefiore fails in med school bid

A DEAL to transfer control of Albert Einstein College of Medicine in the Bronx from Yeshiva University to health care giant Montefiore has flatlined.

The cash-strapped college and Montefiore terminated talks because the parties were “unable to agree on certain material terms,” a Yeshiva spokesman said.

Under the proposed deal, announced in May, Yeshiva would have remained the degree-granting institution for Albert Einstein while Montefiore took over dayto-day operations and financial management of the Morris Park campus.

“While we have been unable to reach agreement at this time with Yeshiva University, we remain deeply connected to Einstein,” a Montefiore spokesman said.

The failed agreement was revealed Tuesday in a report by Moody’s Investors Service.

Moody’s gave the struggling 128-year-old school a negative rating, citing the scuttled negotiations as a sign of a bleak financial future.

The breakdown in talks “contributes to uncertainty over the operation of the medical school,” the report said.

Yeshiva is “keeping all options on the table to ensure a secure future of excellence for Einstein and the entire University,” its spokesman Matthew Yaniv said in a statement.