Detroit Medical Center's new owner has plans for $800M in upgrades

Thursday, March 25, 2010 | Source: Model D
A major change in health care is coming to Metro Detroit now that the non-profit-based Detroit Medical Center has been sold to a for-profit firm from Nashville, Vanguard Health Systems.

Excerpt:

Tennessee-based Vanguard Health Systems has acquired the Detroit Medical Center. The company plans to invest $800 million in its city of Detroit facilities and create a number of new jobs over the next five years.

"We would expect to hire additional clinical personnel and management personnel," says Phil Roe, CFO of Vanguard. He added that his firm expects to use local resources (contractors, construction workers, materials, etc.) for the new construction and renovation projects.

Those proposed projects include a new Children's Hospital tower, new modern patient units at Detroit Receiving, a doubling of the Sinai Grace emergency room, a major renovation of Harper, and new physicians' office buildings at Harper and Sinai Grace hospitals.

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Healthcare, Higher Education, Investment, Non Profit, Redevelopment, Wayne County, Wayne State University 

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