Comment on Detroit Medical Center expected to announce sale to Vanguard Health

Detroit Medical Center expected to announce sale to Vanguard Health

The Detroit Medical Center is expected to announce today that it is being sold to Vanguard Health Systems of Tennessee. A person close to the plans said late Thursday that the deal calls for Vanguard to pay about $500 million for the nonprofit DMC and commit to spending an additional $850 million on capital improvements, including possibly a new Children's Hospital and renovations at Harper Hospital and Sinai-Grace.

 

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