FTC Clears Vanguard’s Acquisition of Detroit Medical Center

The Federal Trade Commission and the Antitrust Division of the U.S. Department of Justice have cleared Vanguard Health System’s $1.5 billion acquisition of Detroit Medical Center, granting early termination of a 30-day pre-merger waiting period, according to a Detroit News report.

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By: Staff

Michigan Attorney General Mike Cox must still approve the deal, which the groups hope to complete by Nov. 1.

Read the Detroit News report on Detroit Medical Center.

Read more coverage on Detroit Medical Center:

– Following Sale to Vanguard, Detroit Medical Center to Kick Off 15 Construction Projects

– Vanguard and Detroit Medical Center Sign Final Agreement

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