SAVE
MONEY!
frustrated we
can't do the same
in the city of
Detroit.
NOW we can.
Detroit will no
longer take a
back seat to
Mike Duggan
anyone in the
quality of our hospital facilities:'
Duggan said.
The Lineup
With 15 hospitals in four of the
largest urban markets in the
country, Vanguard has a strong
track record of succeeding in
urban communities where eco-
nomic and social factors make
it increasingly difficult to run
financially viable hospitals.
"For years, DMC has had
significantly less cash-on-hand
than any of our competitors:'
said DMC's D'Arcy. "Now we have
found the solution to allow us to
continue our mission to provide
quality care for all, despite state
and national economic condi-
tions."
DMC operates Children's
Hospital of Michigan, Detroit
Receiving Hospital, Harper
University Hospital, Huron Valley-
Sinai Hospital, Hutzel Women's
Hospital, Rehabilitation Institute
of Michigan, Sinai-Grace Hospital
and DMC Surgery Hospital, with
1,734 licensed beds and total rev-
enues for its last reported fiscal
year of Dec. 31, 2008, of approxi-
mately $1.993 billion.
Established as a nonprofit
corporation in 1985, the Detroit
Medical Center is a regional
health care system with a mis-
sion of excellence in clinical care,
research and medical education.
The Detroit Jewish community's
Jewish Fund was endowed with
the DMC acquisition of Sinai
Hospital of Detroit in 1999.
Vanguard owns and operates
15 acute care hospitals with 4,135
licensed beds and complemen-
tary facilities and services in
Chicago, Phoenix, San Antonio
and Massachusetts. Vanguard's
total revenues for its last fiscal
year ended June 30, 2009, were
approximately $3.2 billion.
Vanguard's strategy is to devel-
op locally branded, comprehen-
sive healthcare delivery networks
in urban markets.
❑
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Jewish Housing Association of Metropolitan Detroit
1IIII Jewish
Federation
of Metropolitan Detroit
WE'RE PART OF THE TEAM
A Michigan non profit organization
1576150
March 25 • 2010
15