How Nashville views Vanguard's purchase of the Detroit Medical Center

Thursday, June 17, 2010 | Source: The Tennessean

Local Metro Detroit leaders are singing the praises of Tennessee-based Vanguard Health Systems purchase of the Detroit Medical Center, but here is what the people from the Volunteer State are saying about it.

Excerpt:

Vanguard Health Systems Inc.'s plans to acquire The Detroit Medical Center moved a step closer to reality when the parties signed a final purchase agreement late Thursday.

The signing comes nearly three months after Nashville-based Vanguard announced a letter of intent to acquire Michigan's largest provider of care to the poor, uninsured and underinsured for $417 million cash and a commitment to spend $850 million over five years on capital projects.

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