Detroit Medical Center CEO Says Patients, Physicians Returning to System After Vanguard Buyout

Detroit Medical Center President and CEO Mike Duggan reports said patients and physicians are returning to the once struggling health system following its purchase by for-profit Vanguard Health Systems at the end of last year, according to a Detroit News report.

Mr. Duggan attributes the turnaround in part to Vanguard's commitment to improve and expand DMC facilities. Vanguard will spend $500 million on expansions and renovations and $350 million on routine capital in the next five years. Mr. Duggan also said Vanguard's ownership has "boosted employee morale," according to the report.

Keith Pitts, vice chairman for Vanguard, said in the report the parent system has been "very happy with some of the volume trends [in the Detroit market]."

Related Articles on Detroit Medical Center:

Donations to Now Vanguard-Owned DMC to be Transferred to Children's Hospital Foundation
Vanguard Health Systems Loses $9.9M in Q4, Revenue Increases
Vanguard Completes Acquisition of Detroit Medical Center

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