Word: subsidiaryã
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...there’s no question that the manure only ever flows downhill. Or, in Harvard’s case, down the stairs from the third floor of University Hall—home to the Faculty of Arts and Sciences (FAS), of which the College is a formal subsidiary??€”to the Harvard College Dean’s Office on the first. At Harvard, tradition keeps the College firmly pinioned under the short end of the stick...
Harvard Medical School formally transferred ownership of Harvard Medical International (HMI)—the school’s non-profit consulting subsidiary??€”on Friday to Partners HealthCare, a company that owns several major Massachusetts hospitals. The new entity will be known as Partners Harvard Medical International until 2012, after which the Harvard name will be dropped. News of the deal was first reported in January, with word that it would close by mid-March. “The transfer of HMI to Partners HealthCare will help Harvard Medical School in focusing its international activities on its central...
...administrators who filled the void, projects like the Dubai Healthcare City—a sprawling partnership between HMI and the Government of Dubai—signalled a worrisome drift in the subsidiary??€™s mission...
...Seeing the writing on the wall, HMI’s board authorized the organization’s management to hire McKinsey & Company to help map out the subsidiary??€™s options...
...segment of Harvard Medical International (HMI)—Harvard Medical School’s non-profit consulting subsidiary??€”that the University plans to transfer to Partners HealthCare will have to drop Harvard from its name at the end of 2012, according to an official familiar with the negotiations between Partners and Harvard. The two parties preliminarily agreed to the time period in a letter of intent, the official said, adding that the spin-off will retain the Harvard brand-name until the end of 2012. The actual name of the new firm, the creation of which...