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Oakwood Investment Triggers the Development of a New Landmark in Downtown East Dearborn
Date:4/29/2009

Officials join together to break ground on a revitalization project for the community

DEARBORN, Mich., April 29 /PRNewswire-USNewswire/ -- Oakwood leadership today joined representatives from Midwest Health Center, the City of Dearborn and Redico Development Company to break ground on the Dearborn Town Center development project - a mixed use development that will offer multi-specialty medical care, retail, office space and an assisted living facility for seniors located on the corner of Michigan Avenue and Schaefer in the heart of downtown east Dearborn. The $70 million Dearborn Town Center project will serve the citizens of Dearborn, Detroit and southeast Michigan.

(Photo: http://www.newscom.com/cgi-bin/prnh/20090429/DC08221)

"Oakwood has made a commitment to revitalize downtown east Dearborn by investing in a state-of-the-art development and we are proud to partner with Midwest, Redico Development Company and the City of Dearborn in order to make this investment a reality," said Brian Connolly, President and CEO, Oakwood Healthcare, Inc. (OHI). "Oakwood and Midwest share a longstanding presence in the Dearborn community and we are eager to bring this project to life and serve our friends and neighbors in this region."

The property sits on a historic and highly visible street corner - land that was formerly Montgomery Ward. The vision for the project is to create a village atmosphere through a comprehensive mix of services. Oakwood and Redico will jointly own the medical office development, which will span more than 125,000 square feet of the development.

In January of this year, Oakwood acquired all five Midwest Health Center locations from Dr. Mark Saffer and his partners, including offices in Dearborn, Detroit, Livonia, Romulus and Taylor. Management of the day-to-day operations of the facilities will continue to be overseen by Dr. Saffer's management company. The Dearborn Town Center will serve as the new home of the Dearborn Midwest Health Center, which has been serving the community for many years.

"For more than 30 years, I've focused on meeting the healthcare needs of the people in this community," said Dr. Saffer. "I look forward to expanding the practice into an innovative new medical facility where our excellent physicians and their staff can continue to provide the best care for their patients."

Despite the current economic climate, Oakwood is committed to providing excellence in care, healing and health to the individuals and communities it serves. With the acquisition of the Midwest Health Centers, Oakwood and Dr. Saffer believe the opportunity to provide a comprehensive array of healthcare services while growing the business will have an important impact on the community.

"Although the economy and the healthcare industry is severely challenged, Oakwood realizes it is an economic engine for the region," said Doug Welday, chief financial officer, OHI. "I'm proud to say this project is one of those opportunities that will revitalize the community while positively impacting our future and directly benefiting those who live and work in this community."

The groundbreaking ceremony signifies the beginning of a partnership and a state-of-the-art development that will serve the Dearborn community and southeast Michigan for years to come.


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SOURCE Oakwood Healthcare System
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