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Detroit Medical Center sale pressures nonprofit hospitals

The Detroit News, April 23, 2010

Vanguard Health Systems Inc.'s proposed purchase of the Detroit Medical Center could intensify competition among Detroit hospitals already struggling to stay afloat in a recession. The consumer market for hospitals has been shrinking, and Vanguard, a Nashville-based for-profit health system, could become a formidable rival in southeastern Michigan—especially with many nonprofit hospitals finding it difficult to finance expansions, upgrades, and pricey new medical technology, the Detroit News reports.