Oakwood Investment Triggers the Development of a New Landmark in Downtown East Dearborn

Oakwood Investment Triggers the Development of a New Landmark in Downtown East
Dearborn

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.

SOURCE Oakwood Healthcare System

Paula Rivera-Kerr of Oakwood Healthcare System, +1-313-791-4817