Skanska in US hospital contract

By Joe Malone17 August 2016

Artists impression of new US$ 206 million Michigan hospital

Artists impression of new US$ 206 million Michigan hospital

A Skanska-led joint venture has signed a US$ 206 million contract to build a hospital in Michigan, US.

Skanska USA Building, together with Closner Construction, agreed the deal with Duke LifePoint Healthcare, which will see the current hospital replaced.

The contract comprises a new 50,000 m², 243-bed replacement facility that will include 14,000 m² of diagnostic and therapeutic services, and 17,000 m² of patient care services.

The project is expected to be completed in October 2018.

Last month, the company announced it had recorded half-year revenues of SEK 72.5 billion (US$ 8.61 billion) for the first six months of 2016 – a 3% decrease from the same period a year ago.

The group’s operating income rose 46% to SEK 3.6 billion (US$ 430 million), thanks to a rise of 220% in its commercial property development sector. However, its construction sector saw a decrease of 21% to SEK 1.34 billion (US$ 160 million).

Skanska said its outlook for the next 12 months continued to be positive.

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