The University of Chicago Medical Center will cut costs by $100 million, or almost 7 percent of its budget by 2010, and may reduce its staff significantly, the Center announced last week. It attributes the restructuring to falling investment and endowment values. It also reaffirmed its commitment to the $700-million hospital pavilion planned for 2012. Under the plan, which took effect last Monday, the Medical Center will enact several cost-saving measures in an effort to bring down its budget, including the elimination of four vice presidents and 11 other senior executive positions. Though they could not disclose the specific positions,...