U of M planning health care policy institute

The University of Michigan has announced that it's planning a new health care policy institute in the
complex that once belonged to drugmaker Pfizer Inc.

The university said Thursday the Institute for Health Care Policy and Innovation aims to inform and influence public policy and enhance efforts to improve health care services.

More than 500 researchers eventually could be part of the new institute at the North Campus Research Complex, Pfizer's former research and development center the Ann Arbor school bought in 2009
for $108 million.

The university says it will launch a national search for an institute director. It expects a $13.7 million renovation project to be completed next spring.