Phila U joining Jefferson University

Discussion in 'Manayunk / Roxborough / East Falls' started by Toddb, Dec 17, 2015.

  1. Toddb

    Toddb Active Member

    Joined:
    Jun 15, 2015
    Messages:
    38
    Likes Received:
    5
    PHILADELPHIA (Dec. 17, 2015) – The Boards of Trustees of Thomas Jefferson University and Philadelphia University today announced the signing of a Letter of Intent (LOI) to exclusively pursue the integration of the two universities. The move signals a recognition by both boards that creative partnerships will be central to the future of education and 21st century career paths. Next steps will include continued dialogue between the two organizations to arrive at a Definitive Agreement in 2016 that would lead to the creation of a comprehensive university that delivers high-impact education and value for students in health, science, architecture, design, fashion, business and engineering.

    Forward-Thinking Education that Challenges & Disrupts
    “Our vision for Jefferson’s academic pillar has been to develop forward-thinking education that integrates new learning models and delivers programs that meet the evolving needs of today’s students,†said Stephen K. Klasko, MD, MBA, president and CEO of Thomas Jefferson University and Jefferson Health. “By integrating two financially and academically strong universities that already have incredible synergies and significant complementary programs, we can create a model that further disrupts and challenges higher education to deliver great outcomes for 21st century students, employers, patients and our communities,†he said.

    Reimagining Education to Launch Students into the Careers of their Passion in Bigger, Bolder Way
    Stephen Spinelli, Jr., Ph.D., president of Philadelphia University, added, “An integrated Philadelphia University and Thomas Jefferson University allows us to reimagine education in a way that launches students into the careers of their passion in a bigger, bolder way. It allows us to build on the PhilaU model for professional education; explore unprecedented opportunities to further enhance expertise across a broad range of professional academic programs; identify more industry education partnerships to support collaborative, real-world learning; increase investment in discovery and program development; and identify opportunities to provide unprecedented value for students and employers of the 21st century.â€

    Dynamic Approach to Professional Education
    An integrated Thomas Jefferson University and Philadelphia University would create a unique model, according to Drs. Klasko and Spinelli, that combines design thinking, systems thinking, entrepreneurship, and the modes of thought that are central to the liberal arts with the scientific inquiry and methodology of the health sciences. It would create a new standard for inter-professional, transdisciplinary learning and collaborative discovery through an active, engaged, real-world approach that develops professionals with the robust skill set needed to tackle complex problems.

    The provosts of both Philadelphia University and Thomas Jefferson University added that this integration would create a significant academic advantage for students, faculty and staff. “The faculty and staff of Philadelphia University already envision powerful synergies that can provide amazing opportunities,†said Matt Dane Baker, Provost and Executive Vice President of Philadelphia University.

    “Our combined universities will create a first-of-its-kind university with an educational continuum in professional education that spans undergraduate and graduate programs,†said Mark Tykocinski, MD, Executive Vice President & Provost, Thomas Jefferson University; Dean, Sidney Kimmel Medical College.

    The combination would create Philadelphia’s fifth largest university with enrollment of about 7,500 (approximately 50 percent graduate and 50 percent undergrad with roughly half of total enrollment coming from each institution); hub and hub campuses in East Falls and Center City providing suburban-like and urban student experiences; expanded research opportunities; and a combined alumni base of 78,000.

    About Jefferson
    Our newly formed organization, Jefferson, encompasses Thomas Jefferson University and Jefferson Health, representing our academic and clinical entities. Together, the people of Jefferson, 19,000 strong, provide the highest-quality, compassionate clinical care for patients, educate the health professionals of tomorrow, and discover new treatments and therapies that will define the future of health care.

    Jefferson Health comprises five hospitals, 16 outpatient and urgent care locations, as well as physician practices and everywhere we deliver care throughout the city and suburbs across Philadelphia, Montgomery and Bucks Counties in Pa., and Camden County in New Jersey. Together, these facilities serve nearly 73,000 inpatients, 239,000 emergency patients and 1.7 million outpatient visits annually. Thomas Jefferson University Hospital is the largest freestanding academic medical center in Philadelphia. Abington Hospital is the largest community teaching hospital in Montgomery or Bucks counties. Other hospitals include Jefferson Hospital for Neuroscience in Center City Philadelphia; Methodist Hospital in South Philadelphia; and Abington-Lansdale Hospital in Hatfield Township.

    Thomas Jefferson University enrolls more than 3,900 future physicians, scientists, nurses and healthcare professionals in the Sidney Kimmel Medical College (SKMC), Jefferson Colleges of Biomedical Sciences, Health Professions, Nursing, Pharmacy, Population Health and is home of the National Cancer Institute (NCI)-designated Sidney Kimmel Cancer Center.

    For more information and a complete listing of Jefferson services and locations, visitJefferson.edu.

    About Philadelphia University
    Philadelphia University, founded in 1884, is a private university with 3,750 students enrolled in more than 70 undergraduate and graduate programs. As the model for professional university education, the University, through its award-winning Nexus Learning approach, prepares students to be leaders in their professions in an active, collaborative and real-world learning environment infused with the liberal arts.

    With nationally ranked programs in physician assistant studies, architecture, fashion design, graphic design, strategic leadership and occupational therapy, and opportunities for industry partnerships and internships with top companies, PhilaU graduates have achieved a job success and graduate school placement rate of 95 percent.

    Philadelphia University includes the innovative Kanbar College of Design, Engineering and Commerce; the College of Architecture and the Built Environment; the College of Science, Health and the Liberal Arts; and the School of Continuing and Professional Education. For more information, go to www.PhilaU.edu
     
  2. billy ross

    billy ross Well-Known Member

    Joined:
    Dec 2, 2008
    Messages:
    11,819
    Likes Received:
    178
    Wow! Check out the difference in endowments. Jeff is taking over Philly U.

    http://mobile.philly.com/business/?wss=/philly/business&id=362795491&betaPreview=redesign
     
    #2 billy ross, Dec 17, 2015
    Last edited: Dec 17, 2015
  3. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    9,479
    Likes Received:
    974
  4. Speedbump

    Speedbump Well-Known Member

    Joined:
    Jul 23, 2009
    Messages:
    392
    Likes Received:
    6
    Look for a name change soon of one of our two community Regional Rail stations.:)
     
  5. PASnow

    PASnow Well-Known Member

    Joined:
    Jul 14, 2009
    Messages:
    847
    Likes Received:
    11
    Jefferson West. ;)
     
  6. mixiboi

    mixiboi Philly Remixed

    Joined:
    Jan 1, 2009
    Messages:
    12,663
    Likes Received:
    320
    Even tho the Name change won't happen until 2020 the earliest, I wonder what it will be Thomas Jefferson Philadelphia University? Philadelphia University of Thomas Jefferson University? Jefferson PU?
     
  7. Belmo

    Belmo Well-Known Member

    Joined:
    Nov 29, 2011
    Messages:
    139
    Likes Received:
    12
    Am I still allowed to refer to the place in East Falls as Textile?
     
  8. billy ross

    billy ross Well-Known Member

    Joined:
    Dec 2, 2008
    Messages:
    11,819
    Likes Received:
    178
    Both schools have the same number of students - 3,750 if memory serves me correctly. Jeff's endowment is $700 million. Philly U's is I believe $28 million (less than Penn Charter's). Jeff will be in charge
     
  9. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    9,479
    Likes Received:
    974
    http://www.philly.com/philly/business/20151218_Jefferson__Philadelphia_University_to_merge.html

     
  10. mixiboi

    mixiboi Philly Remixed

    Joined:
    Jan 1, 2009
    Messages:
    12,663
    Likes Received:
    320
    They will provably rebrand as just Jefferson University, which is a pretty cool name for a much larger branded school.
     
  11. Scoats

    Scoats Well-Known Member

    Joined:
    Oct 29, 2008
    Messages:
    1,335
    Likes Received:
    86
    I see the advantages of the two schools working together closely. But I'm not clear as to why they should merge, especially since they are located miles apart and have such differing campuses.
     
  12. mixiboi

    mixiboi Philly Remixed

    Joined:
    Jan 1, 2009
    Messages:
    12,663
    Likes Received:
    320
    It doubles enrollment and (as they stated) keeps tuition rates stable.
     
  13. NickleDimer

    NickleDimer Well-Known Member

    Joined:
    Aug 6, 2009
    Messages:
    2,310
    Likes Received:
    18
    Maybe they'll opt the non-slave owner name for the combined enterprise.
     
  14. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0
    Philadelphia & Jefferson University (PJU or P&J)

    This is the only name that makes sense. to me.
     
  15. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0
    I feel bad for all of the alumni and current students. Your school will no longer exist.
     
  16. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0

    Higher education never stays in East Falls. The colleges always fail in this neighborhood and result in mergers. In the 1990's, Hahnemann Medical School merged with the Medical College of Pennsylvania (MCP). Hahnemann was in charge (just like jefferson). They wanted to keep their center city campus and also wanted the East Falls campus(the name was changed from MCP to MCP Hahnemann University). In 2003, Drexel University brought both campuses. Today, Drexel owns the center city campus and the campus in East Falls is now Drexel University College of Medicine.

    The MCP name has faded away. I believe PhilaU will also disapear. I feel so bad for the PhilaU community. I would hate to be an alumni. Your degree is from a college that will no longer exist. Recent graduates need to find a job fast because in about 10 years, no one will know about PhilaU. It will also be hard to find a job outside of state. PhilaU graduates need to stay close to Philadelphia, if they want a job. Since the school will no longer exist as PhilaU, their degree might be questioned by future employers.

    Should we boycott this merger??
     
    #16 PHILLY2882, Dec 22, 2015
    Last edited: Dec 22, 2015
  17. Politburo

    Politburo Well-Known Member

    Joined:
    Apr 6, 2010
    Messages:
    3,024
    Likes Received:
    191
    Rowan used to be Glassboro State and all the same hue and cry was made when that change was announced.. there was also Beaver/Arcadia. It's not like there are refugees of alumni from these schools that were suddenly rendered unemployable.

    If you're outside the area no one has heard of these small schools anyway. You can look up the old names and you'll get results. Life will go on.
     
  18. Scoats

    Scoats Well-Known Member

    Joined:
    Oct 29, 2008
    Messages:
    1,335
    Likes Received:
    86
    How does merging keep the tuition rates stable? I'm sure there will be some minor cost savings, but it can't be much as a percentage, especially if the presidents pay goes up to match the school's new size.
     
  19. mixiboi

    mixiboi Philly Remixed

    Joined:
    Jan 1, 2009
    Messages:
    12,663
    Likes Received:
    320
    As stated in the article:

    The deal comes as many small colleges and universities are under financial pressure as the number of 18-year-olds drops and rising student debt is pressuring institutions to keep tuition increases in check. In the Philadelphia region, at least half a dozen small institutions had operating losses in their most recent fiscal years.


     
  20. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0
    POLITBURO, there is a difference between changing a name and merging two institutions. Glassboro State changed into Rowan, Beaver changed into Arcadia, and Philadelphia College of Textiles & Science changed into Philadelphia University. The name of a college usually changes when more programs are offered(college becomes University). Students that attended before the name change can write "Philadelphia University ( formally the Philadelphia College of Textiles & Science)" on their resume. Formally states the name of the school when they attended. Outside the () states the college new name.

    Mergers are different. You can't put "Jefferson University East Falls(formally Philadelphia University)" on your resume. They are not the same school. Since PhilaU will be under Jefferson (Jefferson is better financially), the East Falls campus will be controlled by Jefferson. PhilaU will no longer exist. Their programs (textiles, fashion, etc) and sports will be apart of Jefferson. It will feel like PhilaU has shutdown, but their programs will live on under Jefferson. So if you are an alumni, the school you once attended is gone. THAT'S THE RISK OF MERGERS. If PhilaU wanted to stay alive, they should have merge with a school with a smaller endowment.



     
    #20 PHILLY2882, Dec 23, 2015
    Last edited: Dec 23, 2015
  21. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    9,479
    Likes Received:
    974
    Honestly, I see no reason why you couldn't do just that.
     
  22. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0
    They are different schools. Jefferson didn't become apart of PhilaU, PhilaU became apart of Jefferson. It is more than a name change, it is a whole new school. They will be absorbed by Jefferson
     
  23. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    9,479
    Likes Received:
    974
    Seriously you are overthinking this. It's not as if Degrees from Phila U will become null and void. Really, as a practical matter it's not going to make a whit of diff for those who enrolled or graduated prior to the merger. I guarantee it.
     
  24. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0
    You are NOT looking at the big picture. It will actually make a difference for those who enrolled or graduated prior to the merger. PhilaU's endowment is $28 Million and Jefferson's endowment is about $710 Million. This is NOT a 50/50 merger. PhilaU will be under Jefferson University (just like Jefferson Med and all those hospitals) . If PhilaU becomes absorbed by Jefferson, the alumni of PhilaU will have no school to donate to. PhilaU will not be around to take their donation. If alumni chooses to donate, the checks will have to be written to Jefferson. PhilaU will become Jefferson's property.

    The school with the smaller endowment will no longer operate independently. Why would a graduate of PhilaU put the Merger Name on their resume? They didn't attend that school. They attended a small school that operated independently. Their school didn't have a medical school, ownership of multiple hospitals, or a large endowment. They attended PhilaU (worth only $28M). Their school was bought. PhilaU's alumni DIDN'T attend Jefferson. The school in East Falls will NOT be PhilaU; it will be a merger between PhilaU and Jefferson's programs. It will be owned by jefferson. It will be apart of Jefferson. PhilaU's programs will become Jefferson's. The history of PhilaU will be lost.

    What is the difference between a school closing and a school that is bought? The school that is closed down is gone and a school that is bought is someone else property. Either way, the value of a PhilaU degree will decrease.
     
    #24 PHILLY2882, Dec 23, 2015
    Last edited: Dec 23, 2015
  25. Malloy

    Malloy Administrator
    Staff Member

    Joined:
    Aug 27, 2008
    Messages:
    6,257
    Likes Received:
    30
    <Whoops, I did not edit your post at all even though it looks like I did. I thought I hit Quote but I hit Edit instead.>

    I think a quick edit on the 'ol resume will take care of everything.
     
  26. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    9,479
    Likes Received:
    974
    Again, you are seriously overthinking the ramifications of the merger.
     
  27. PHILLY2882

    PHILLY2882 Member

    Joined:
    Dec 22, 2015
    Messages:
    22
    Likes Received:
    0

    How do you understand it?
     
  28. Jayfar

    Jayfar I'm very old®

    Joined:
    Dec 10, 2008
    Messages:
    9,479
    Likes Received:
    974
    Exactly as stated in previous posts. For someone holding a degree from the former Philadelphia University (or for that matter, from the College of Textiles & Sciences) this merger will not be a life-changing event. The sun will still rise in the morning.
     
  29. billy ross

    billy ross Well-Known Member

    Joined:
    Dec 2, 2008
    Messages:
    11,819
    Likes Received:
    178
    I think that you guys misunderstand the process. This isn't corporate America where one day there's no more Genuardi's and suddenly it's called Weis. This will be a different model. The examples I offer are Fisher Body Works, Radcliffe College, and Barnard College. Fisher built bodies for GM and eventually GM bought them out. For decades GM cars said 'Body by Fisher' on them - my 69 Chevy says that on the door sill. Eventually after many decades Fisher went away, but it took about 80 years. Similarly, one of my daughter's friends/rivals recently got into Barnard College. It turns out that Barnard is a college within Columbia University, so Barnard is both a part of Columbia and distinct from Columbia. Similarly Radcliffe was very slowly extinguished - when I rowed in college the Harvard girls were called Harvard-Radcliffe, but my suspicion is that they'd just be Harvard today. I want to say that 1969 was the last year that Radcliffe girls got diplomas from Radcliffe alone. I suspect that now the diplomas say nothing about Radcliffe and say Harvard alone.

    It's not all or nothing - a gradual diminution is a very real possibility and it is what I expect. We'll run operations manage the transition so that the disruption is minimal. Target Corporation used to be called Dayton Hudson and Nissans used to be called Datsuns. Neither transition was particularly disruptive.
     
    #29 billy ross, Dec 23, 2015
    Last edited: Dec 23, 2015
  30. Scoats

    Scoats Well-Known Member

    Joined:
    Oct 29, 2008
    Messages:
    1,335
    Likes Received:
    86
    That doesn't explain how combining two separate schools and maintaining two separate campuses is going to keep tuition increases in check.
     

Share This Page