Sentara to Give EVMS $25 Million and Sign New Affiliation Agreement
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Sentara to Give EVMS $25 Million and Sign New Affiliation Agreement 

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NORFOLK, Va. (Nov. 30, 2005)-  Sentara Healthcare has agreed to give Eastern Virginia Medical School $25 million over the next five years and to sign an affiliation agreement that establishes a new partnership between the two institutions.

As part of the new affiliation agreement, EVMS and Sentara will establish a regular schedule of senior level management meetings to develop and monitor all joint programs. The partners will also establish joint working committees on residency, operations, and research, with representation from both institutions.
 
The new funding and affiliation agreement will strengthen Eastern Virginia Medical School, one of the youngest medical schools in the U.S.

"No one wants EVMS to succeed more than Sentara," said David Bernd, chief executive officer of Sentara. "EVMS plays a vital role in community healthcare and ensuring that our community has enough physicians. Our new partnership will advance both our missions."

"We are very excited about this new partnership and very grateful to Sentara for their vision," said Harry Lester, president of Eastern Virginia Medical School. "With a stronger relationship between EVMS and Sentara, our community will have more doctors, more research, and better healthcare. Hampton Roads and the Commonwealth as a whole will benefit tremendously from Sentaras commitment to EVMS."

Sentara will give EVMS $5 million each year for the next five years, including $3 million to support the schools residency programs and $2 million to assist the medical school in recruiting additional faculty.

EVMS and Sentara have already begun to implement the new partnership. The senior management of the two institutions, including Bernd, Lester, Rod Hochman, M.D., executive vice president of Sentara, and Gerald J. Pepe, Ph.D., dean and provost of EVMS, have scheduled meetings every 60 days to oversee the development of the new partnership.


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