Eight-hospital Detroit Medical Center has extended its letter of intent with Vanguard Health Systems until June 11, extending by 10 days DMC's final decision on the proposed $1.5 billion buyout, according to a report by Crain's Detroit Business.
The original deadline, set for June 1, was extended to allow DMC's legal team more time to evaluate the agreement, according to the report. The groups announced the possible acquisition in March.
Michigan's Attorney General is expected to release his review on the proposed deal later this month, according to the report.
Read the Crain's Detroit Business report on Detroit Medical Center.
The original deadline, set for June 1, was extended to allow DMC's legal team more time to evaluate the agreement, according to the report. The groups announced the possible acquisition in March.
Michigan's Attorney General is expected to release his review on the proposed deal later this month, according to the report.
Read the Crain's Detroit Business report on Detroit Medical Center.