Legacy DMC's final report: Future is a question mark, though

Legacy DMC's final report: Future is a question mark, though $1 billion investment paid off


Legacy DMC's final report: Future is a question mark, though $1 billion investment paid off
Legacy DMC Chairman Dick Widgren said overall selling DMC to for-profit operator was positive for the city
Ongoing concerns over willingness of owner Tenet to maintain routine capital investments
Disappointing deterioration of relationship with Wayne State University medical school
Legacy DMC's monitoring oversight of the health system ended on Dec. 31.
Oversight board Legacy DMC has submitted a concluding report that outlines future concerns about investor-owned Tenet Healthcare Corp.'s ongoing ownership of six-hospital Detroit Medical Center.
Legacy DMC was created in January 2011 when nonprofit DMC was sold in 2010 to for-profitnVanguard Health System Inc. and later to for-profit Tenet in 2013. It was given responsibility to monitor the buyer's compliance with 20 covenants in the purchase and sales agreement and issue an annual report.

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