Touro College in Manhattan has closed on its $60-million acquisition of New York Medical College in Valhalla from the Roman Catholic Archdiocese of New York.
A formal announcement is scheduled for May 25 in New York City, said a New York Medical College spokesperson.
Archdiocesan and Touro officials in December 2009 signed an agreement to transfer control of the college on the Westchester Medical Center campus to an affiliate of Touro, a nonprofit Jewish institution. Though the deal was scheduled to be completed last summer, the agreement was extended to May 31 while Touro awaited approval from the U.S. Department of Education to offer federal loans to medical students.
The New York Archdiocese sponsored the independent nonprofit medical school since 1978.
Acorda, Nokia get high marks
Acorda Therapeutics Inc., the expanding biotechnology company in Hawthorne, has been ranked the third-best large employer to work for in New York in a 2011 survey of the state Society for Human Resource Management.
Nokia Inc. in Harrison ranked 11th among large companies with 250 or more employees in the annual survey. The Finnish manufacturer of mobile phones recently said it plans to close its U.S. regional office in Westchester, where about 300 workers are employed, by the end of 2012 as part of a global corporate restructuring.
C&S Cos., Syracuse, ranked first among New York”™s large employers.
Among best small and medium employers in the state, Quorum Federal Credit Union in Purchase ranked 10th and Curtis Instruments in Mount Kisco ranked 18th.
In Poughkeepsie, Hudson Valley Federal Credit Union ranked 10th among large employers. Based in Goshen in Orange County, Access Physical Therapy and Wellness ranked 16th among small and medium employers.
The North Country Savings Bank, based in Canton in St. Lawrence County, ranked first among small and medium companies.
The Best Companies to Work for in New York program is done in partnership with The Business Council of New York State and is sponsored by Jackson Lewis L.L.P., the workplace law firm headquartered in White Plains.
