Mar 19, 2016 3:49 PM
Dartmouth College, Dartmouth-Hitchcock to unveil restructuring plan for medical school
HANOVER - At town hall meetings on Monday and Tuesday, leaders at Dartmouth College and Dartmouth-Hitchcock Medical Center will provide the details of a restructuring plan for the college's Geisel School of Medicine.
According to the Valley News, a bondholders report said the aim of the restructuring is to seek “financial support for (the medical school’s) clinical departments and faculty” from Dartmouth-Hitchcock Medical Center, reduce and redesign research and establish “a new medical education division with a core, dedicated teaching faculty focused on the pre-clinical curriculum delivery.”
Geisel had a deficit of $12.6 million in the fiscal year that ended June 30. The bondholders report said the school is expecting deficits between $26 million and $28 million a year for the next seven years, primarily due to increasing operating costs and static research revenue.
Some faculty and staff will be laid off; others will be hired at Dartmouth-Hitchcock. The school's psychiatry department and some research positions are expected to move to the medical center, which is affiliated with Dartmouth College but has its own budget, endowment, management and governing boards.