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What is Detroit Medical Center mean?
The Detroit Medical Center (DMC) is a for-profit alliance of hospitals that encompasses over 2,000 licensed beds, 3,000 affiliated physicians and over 12,000 employees. Located in Midtown Detroit, the DMC is affiliated with medical schools from Wayne State University and Michigan State University. Detroit Medical Center hospitals are staffed by physicians from the Michigan State University College of Osteopathic Medicine, which is ranked 17th in the nation in primary care, and the Wayne State University School of Medicine, the largest single-campus medical school in the United States and the nation's fourth largest medical school overall. The Detroit Medical Center is fully accredited by the Joint Commission on Accreditation of Healthcare Organizations.
The Detroit Medical Center is the official healthcare services provider for the Detroit Tigers, and the Detroit Red Wings.
On March 19, 2010, Vanguard Health Systems and Detroit Medical Center announced an $850 million expansion and renovation plan. Detroit Medical Center formally became a part of Vanguard Health Systems on December 30, 2010, as a for profit corporation. Vanguard agreed to invest nearly $1.5 billion which included $417 million to retire debts, at least $350 million in capital expenditures and an additional $500 million for new capital investment in Detroit Medical Center. Vanguard has agreed to assume all debts and pension obligations. In June 2013, rival Tenet Healthcare announced it would purchase Vanguard for $1.73 billion. The transaction closed October 3, 2013.
referencePosted on 02 Oct 2024, this text provides information on Miscellaneous in Medical related to Medical. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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