Maxor Correctional Pharmacy Services will expand its Cool Springs office by about 15 people after winning a three-year, $110 million contract with the Michigan Department of Corrections. The Texas-based company acquired its local presence in 2007 by buying a number of the assets of Secure Pharmacy Plus, a subsidiary of what was then still America Service Group. It now provides pharmacy services to about 260,000 inmates in 27 states.
Taubman Centers Inc. announced Thursday the completion of its $560 million purchase of The Mall at Green Hills and California-based The Gardens on El Paseo and El Paseo Village from Davis Street Properties.
The transactions consist of the assumption of $206 million of debt, $281 million in installment notes and the balance in 1.3 million partnership units in The Taubman Realty Group LP.
"These transactions crown a year of progress on our external growth initiatives," Robert S. Taubman, chairman, president and chief executive officer, said in a release. "With the addition of these assets, we've enhanced both the quality of our portfolio and its anticipated growth rate."
Taubman is based in Bloomfield Hills, Mich.
Vanguard Health Systems executives have extended the employment agreement of Detroit Medical Center President and CEO Michael Duggan. The previous contract for Duggan had been due to expire Jan. 4; his new deal keeps his salary at $975,000 but adds some severance sweeteners if he stays on past the end of next year.
One interesting note disclosed in the amended contract: The management team in Detroit took a 2 percent salary cut in September to help turn around the hospital system's finances.
Belmont University has recruited from Michigan veteran musician and teacher Alex Graham to be an assistant professor of music and saxophone.
Graham has worked at the Grand Hotel on Mackinac Island since 2001 and conducts its orchestra and produces the music events at the facility, which sports the world's largest front porch. He is a past adjunct professor and artist in residence at Eastern Michigan University. At Belmont, he will teach jazz and commercial saxophone styles to undergraduate and graduate students and direct one of the university’s jazz ensembles.
“Belmont University is highly-regarded for its music program and I am honored to be offered this opportunity in such a competitive field,” said Graham. “Through this position, I will also have the great experience of working in Nashville, which is one of the nation’s greatest music cities. I am looking forwarding to working with artists in Tennessee and bringing some of these talents back to Grand Hotel during the summer.”