Philip O. Ozuah, CEO of Montefiore Medicine, the Montefiore Health System (MHS), and the Albert Einstein College of Medicine in New York, donated $1 million to the College of Medicine at the University of Ibadan (CoMUI).
Ozuah made the huge monetary donation as the keynote speaker and chief fundraiser at the groundbreaking ceremony for the new CoMUI student hostel on Monday.
CoMUI Provost Olayinka Omigbodun hosted the groundbreaking ceremony for the new CoMUI hostel in partnership with Ibadan College of Medicine Alumni Association Worldwide (ICOMAA-WW). The ceremony also marked the beginning of the third year of Omigbodun’s administration.
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John Odigie-Oyegun, Pro-Chancellor and President of the Council of the University of Ibadan, attended the ceremony. Other dignitaries present included Emmanuel ‘Dipo Otolorin, President of ICOMAA Worldwide, and Abib Olamitoye, Past President of ICOMAA Worldwide.
Olamitoye and Omigbodun were Ozuah’s classmates from CoMUI’s Class of 1985. Omigbodun had asked CoMUI alumni to help build a much-needed new hostel for CoMUI students.
“This is a clarion call from all members of the University of Ibadan Medical College Alumni Association to join us, associate with us, strengthen and develop the structures and systems of the University of Ibadan College of Medicine”, Omigbodun said.
“He (Ozuah) expanded access to underserved communities, under his leadership, Montefiore Health Systems Specialties managed 100% of hospitals nationwide.
“He receives more than $200 million in annual research grants from the NIH.”
Ozuah is among the highest paid hospital executives in New York.
A 2020 New York Post article reported that he was awarded $13 million in compensation.
Ozuah received a $9 million payout in early retirement money in 2018 when he was president of Montefiore Health System. He also received an additional $1.6 million bonus on top of his $2.8 million salary, according to Montefiore’s tax return.
Ozuah’s payment “was earned over 13 years of service as an executive at Montefiore”, the New York Post cited said a hospital spokesperson.
Ozuah announced his $1 million donation to the new Hostel Building Fund on behalf of his family after his commencement speech on Zoom. He said CoMUI made him the man he is and it was right for him to give back in college.
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Recognized nationally for excellence in patient care and medical education, Ozuah’s keynote address was “From Initiative to Initiative – An Academic Journey”. He explained the five dimensions of being a ‘predictor’, ‘builder’, ‘ambassador’, ‘communicator’ and ‘determiner’, while recounting his journey from Ibadan to the Bronx.
Ozuah is a Distinguished Alumnus of the Class of 1985 of CoMUI’s Bachelor of Medicine, Bachelor of Surgery (MBBS) program. He received his master’s degree from the University of Southern California and a Ph.D. in Educational Leadership and Administration from the University of Nebraska-Lincoln.
Ozuah became President and CEO of Montefiore Medicine in 2019 after 34 years of service as a physician. Montefiore Medicine is the umbrella organization for the Albert Einstein College of Medicine and the Montefiore Health System. Ozuah is responsible for overseeing Montefiore’s 13 member hospitals and 300 clinical sites with 7.5 million annual patient encounters.
The Albert Einstein College of Medicine is one of the leading centers for research, medical education, and clinical investigation in the United States.
These organizations employ 10,000 physicians and 53,000 staff and house 800 medical students, 190 doctoral students. students, 120 students in the combined MD/Ph.D. program and 250 postdoctoral research.