Martin Luther King Jr. Hospital closed in 2007. Both the university, which is private, and associated County-owned public hospital fell into serious trouble at the outset of the 21st century. By 2006, several residency programs had to be terminated because they lost accreditation for not meeting the necessary amount of oversight, and the hospital itself was forced into a radical restructuring plan in late 2006. The restructuring caused the County-owned hospital to sever its ties to the neighboring private, non-profit medical school and terminate support to 248 medical residents. In October 2006, the national Accreditation Council for Graduate Medical Education informed school officials that it planned to revoke the university's ACGME accreditation because of the hospital's upcoming loss of Medicare money; as a result the university voluntarily withdrew its accreditation. The school was eligible to seek reinstatement to relaunch its residency program in July 2008. As a response to the problems, the university reorganized, terminating its president, and dismissed nearly two-thirds of its board of trustees.