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Vanderbilt University announced Friday that it is working to make the Vanderbilt University Medical Center a "not-for-profit academic medical center that is financially distinct from Vanderbilt University." The announcement said that changes in the economics of health care require more flexibility and independence for the medical center. But the statement from Chancellor Nicholas S. Zeppos stressed that "the two organizations will remain tightly woven together by mission and the respected Vanderbilt name. The mission of VUMC will not change. It will continue to be at the pinnacle of medical excellence, and be one of the world’s preeminent academic medical centers."