dmc

DMC

The Detroit Medical Center has broken ground on a $78 million dollar heart hospital.

It’s part of a broader expansion plan announced when Vanguard Health System purchased the DMC last year.

Theodore Schreiber is president of the Cardiovascular Institute, which will run the hospital. He says financing the facility would have been “inconceivable” without the DMC’s acquisition by for-profit Vanguard.

"Nationally as a whole, non-profit hospital institutions have tremendous difficulty obtaining capital, let alone the flagship institution in center city Detroit at the heart of the economic crisis," he said.

Schreiber says the hospital will be the only facility of its kind in Michigan, with diagnosis, prevention and treatment of heart disease.

It’s expected to be completed in early 2014.

Jennuine Captures / Flickr

Three major Detroit institutions are looking to leverage their spending to give a boost to the city’s economy.

Henry Ford Health System, the Detroit Medical Center and Wayne State University are all part of an initiative to revitalize the city’s Midtown area. And the “buy Detroit” campaign is part of that.

So far, the three institutions have shifted about $400,000 to Detroit businesses, says Lisa Prasad is with U3 Ventures, a firm that's helping with the project. 

"The number may be very small at the moment compared to their overall procurement, but we think the growth will be exponential once we really get it institutionalized."

Prasad says food is one thing all three institutions have been able to buy more locally.

Combined, the university and health systems spend $1.6 billion a year.