Founded in 1956, the university is one of the three campuses of the University of the East. UERMMMCI is a non-stock, non-profit foundation and a memorial to President Ramon Magsaysay since 1957. UERMMMCI has several degrees that are accredited by the Commission on Higher Education as Centers of Excellence and also has level IV accreditation by the Philippine Accrediting Association of Schools, Colleges and Universities (PAASCU). The College of Medicine is in the list of top performing schools. The College of Nursing has been accredited Level IV by PAASCU and has 98.13% passing rate as of January 2011 Licensure Exam. The College of Physical Therapy (now College of Allied Rehabilitation Sciences) also has level III accreditation and has 100% passing rate as of January 2011.