Detroit Medical Center Weighs Options for Financial Recovery

Carvlin, Elizabeth
May 2003
Bond Buyer;5/19/2003, Vol. 344 Issue 31638, p40
Trade Publication
According to Detroit Medical Center officials they have no immediate plan to use bankruptcy protection to solve the financial problems that have caused more than $300 million in losses. They are considering options for reorganizing, selling some assets, or closing facilities.Hospital officials have told everyone from the Detroit City Council to Health and Human Services Secretary Tommy Thompson that they will have to close two inner-city hospitals if they cannot find some relief from managing the highest Medicaid patient load in the city.A more immediate option plan to close the two inner city hospitals that serve the largest indigent patient load�.


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