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January 3, 2022

Victoria government announces funding for hospitals

Hospitals can use the funding to upgrade and replace critical engineering infrastructures.

The State Government of Victoria in Australia has announced funding under the Medical Equipment Replacement Program to ensure hospitals in the state have key engineering infrastructure and life-saving medical equipment

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A funding of $61.6m (A$85m) will be shared among 33 health services to ensure continuous healthcare services to Victorians.

Under this programme, funding will be provided to replace medical equipment that is used for acute services in public hospitals across the state.

Out of the total funding amount, 21 metropolitan and regional health services will share $25.3m (A$35m).

Hospitals can use the funding to purchase equipment such as CT scanners, digital X-Ray units,  operating room microscopes, ultrasounds as well as heart imaging equipment including transesophageal echocardiogram units.

The equipment are used in operating suites, emergency departments, surgical wards, intensive care units, neonatal and maternity departments.

Additionally, 25 metropolitan and regional health services will share $36.2m (A$50m) under the Engineering Infrastructure Replacement Program for upgrading and replacing critical engineering infrastructure such as chillers, emergency lighting, generators, patient lifts and nurse call systems.

Victoria Minister for Health Martin Foley said: “We’re investing in health services across the state, helping them deliver the high-quality care Victorians deserve and ensure hospitals can continue doing what they do best – saving lives.”

“Every Victorian deserves access to high quality, safe care when they need it – we’re supporting health services to do just that.”

“We’re making sure our busiest hospitals have the vital infrastructure and equipment they need – because Victorians should be able to access quality healthcare, no matter where they live.”

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What’s missing from your IPO industry assessment?

IPO activity all but stopped in 2020, as the investment community grew wary of the effects of COVID-19 on economies. No matter how deserving a business was of flotation, momentum was halted by concerns of when a ‘new normal’ of working patterns and trade would set in. Recently, sentiment has changed. Flotations picked up again during the second half of 2021, and now in 2022 the mood is decidedly optimistic. Business leaders have their eyes on fast rebounding economies, buoyant market indices and the opportunity once again to take their businesses public. As a result, global IPOs are expected to hit back this year. With GlobalData’s new whitepaper, ‘IPOs in Consumer and Retail: 5 must-include elements for your prospectus industry report’, you can explore exactly what is needed in the essential literature. GlobalData’s focus lies in the critical areas to get right:
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  • Industry environment
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