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December 9, 2020

Victorian hospitals receive funding to upgrade infrastructure and equipment

Australia’s Victorian Labour Government has announced new funding for hospitals in the state to upgrade life-saving medical equipment and vital infrastructure.

Australia’s Victorian Labour Government has announced new funding for hospitals in the state to upgrade life-saving medical equipment and vital infrastructure.

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Announced by Victoria’s Health Minister Martin Foley, the A$160m ($118.6m) funding will be shared by 76 health services.

This investment will help offer best healthcare to Victorians and generate several new jobs.

Foley said: “We’re giving our dedicated doctors and nurses the equipment they need to do their job and save lives.

“This funding will help hospitals across the state deliver the high-quality care Victorians deserve.”

A funding of A$60m ($44.5m) from the newest round of the Engineering Infrastructure Replacement Program and Medical Equipment Replacement Program will be shared between 27 metropolitan and regional health services.

Equipment such as CT scanners, digital x-ray units, ultrasounds and heart imaging equipment, which includes, transesophageal echocardiogram units, will be funded as part of the Medical Equipment Replacement Program.

Additionally, Engineering Infrastructure Replacement Program will fund key equipment such as generators, chillers, emergency lighting, patient lifts and water and fire service upgrades.

The next round of Engineering Infrastructure Replacement Program and Medical Equipment Replacement Program submissions will open on 16 December this year and close on 8 February 2021.

Another $100m ($74.15m) will aid in the delivery of 76 infrastructure improvement projects at 54 regional health services.

This will be funded via the government’s Regional Health Infrastructure Fund (RHIF) fourth round.

Infrastructure upgrades include renovation of operating theatres, building new waiting rooms and hospital beds, additional consulting rooms, accessible paths and ramps, and expansion projects and equipment.

The next round of RHIF submissions will open on 27 January and close on 9 March 2021.

The RHIF’s total funding increased to $470m following an additional boost of $120m in the Victorian Budget 2020/21.

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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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