Private Equity at Work Success Stories: Investing in the Detroit's Health

In December 2010, Vanguard Health Systems, a Blackstone-owned company, acquired the Detroit Medical Center (DMC), one of Detroit's leading healthcare providers and a nationally and regionally recognized medical system. Because of difficult financial markets in 2008-2009, DMC was seeking a buyer who would not only uphold DMC's long-standing tradition of clinical excellence, but also provide the capital necessary to expand and upgrade its facilities. As part of the acquisition, Vanguard committed to invest $850 million over five years to fund routine capital improvements and new capital projects. Vanguard's investment was one of the largest private investments in Detroit's history. To learn more about Private Equity at Work, visit investmentcouncil.org

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