DMC, Vanguard Health Delay $417M Sale
Vanguard and DMC said this week that—as an example of their commitment to the City of Detroit—they have formed a joint venture and will break ground Nov. 1 on a five-floor 105,550-square-foot Children's Specialty Center.
"The Children's Specialty Center is critical to this community. It is scheduled to open in January of 2012, but if we don't break ground before winter, completion will be delayed for months," said Mike Duggan, DMC president/CEO.
Children's Hospital of Michigan President Herman Gray, MD said the new specialty center will improve services to families who use many of the outpatient specialties currently located within the hospital.
"The new specialty center will improve the overall experience for families who require frequent outpatient visits at Children's because they will not have to navigate a large multi-story parking deck just to see the doctor," Gray said.
John Commins is a senior editor with HealthLeaders Media.
- Healthcare Leaders Seek Strategic Sweet Spot
- 3 Reasons Wellness Programs Fail
- CMS Issues Health Insurance Exchange Proposed Rules
- Patients Shoulder Nearly 25% of Medical Bills
- MGMA: Physician Compensation Increasingly Based on Quality Measures
- ACOs Widespread, Yet Challenged
- HFMA: Patient Financial Interaction Guidelines Sharpened
- Data Collaborative Taps Predictive Analytics to Coordinate Care
- Physician Pay Will Soon Depend on Outcomes
- HFMA: Revenue Cycle, Reimbursements Share the Spotlight