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December 20, 2021

Queensland announces $142m investment in hospitals

The investment will add to the government’s allocation of more than $1.4bn to manage Covid-19 and critical services.

The Government of Queensland in Australia has announced an investment of $142m (A$200m) to further improve hospitals in the state.

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This new investment will be directed to help the hospitals address increase in Covid-19 cases as well as any pressures on the health system.

The funding will be used in four areas including any increased costs in dealing with rising Covid-19 cases, capital works, to support for out of hospital care.

Additionally, it would be used to support virtual models of care such as virtual care hubs, IT platforms and engaging Health Direct.

Queensland’s new investment will add to the government’s allocation of more than $1.4bn (A$2bn) to manage Covid-19 and critical services.

It was made possible by the state’s strong economic recovery, which was revealed in mid-year fiscal and economic review.

Queensland Premier Annastacia Palaszczuk said: “It’s because of our strong health response that we have such a strong economy.

“Strong and healthy Queenslanders make for a strong and healthy economy so it stands to reason that we should return some of those dividends to keeping Queenslanders healthy.”

Palaszczuk further added that the first dollars from this dividend will be spent on continuing to keep people in the state safe.

The government has committed to build new healthcare facilities in Springfield, Coomera and Bundaberg. It also unveiled plans to build seven new satellite hospitals in the state.

This year the state’s budget has increased to $15.7bn (A$22.2bn).

In August this year, Queensland government has announced an extra funding of $120m (A$163.7m) for the addition of 351 new beds across the state’s hospital network.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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