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    HOT   DE0006070006

HOCHTIEF AG

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HOCHTIEF : Turner-Walsh Joint Venture Awarded $840 Million Contract to Build a New Veterans Administration Medical Center

08/24/2021 | 08:34am EDT

Contact:

Turner Construction Company

August 24, 2021

Turner-Walsh Joint Venture Awarded $840 Million Contract to Build a New Veterans Administration Medical Center

© Katie Newton

The medical center built by Turner Construction Company and Walsh Construction will replace the Robley Rex VA Medical Center in Louisville, Kentucky

The Department of Veterans Affairs and the U.S. Army Corps of Engineers, Louisville District, selected Turner Construction Company and Walsh Construction to build an $840 million full-service medical center to serve military veterans in Louisville, Kentucky.

In addition to the construction of the new 104-bed, 910,115 square foot medical center, the project includes parking structures, a central utility plant, roadways, sidewalks, and other site improvements.

Small, local, and veteran-owned groups will be involved in the construction of this world-class healthcare facility. The facility will integrate modern patient-centered care concepts to veterans. To address the needs of women veterans, the facility will include a Women's Health Clinic with four Patient Aligned Care Teams (PACT).

A groundbreaking for the facility will be held in the fall of 2021 and is scheduled to be complete in 2025.

Contact:

Turner Construction Company

August 24, 2021

About Turner Construction Company

Turner is an international construction services company. Founded in 1902, Turner first made its mark on the industry pioneering the use of steel-reinforced concrete for general building, which enabled the company to deliver safer, stronger, and more efficient buildings to clients. The company continues to embrace emerging technologies and offers an increasingly diverse set of services. With an annual construction volume of US $15 billion, Turner is the largest builder in the United States, ranking first in the major market segments of the building construction field, including healthcare, education, sports, commercial, and green building. The firm is a subsidiary of HOCHTIEF, one of the world's leading international construction service providers. For more information, please visit http://www.turnerconstruction.com.

Disclaimer

Hochtief AG published this content on 24 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 August 2021 12:33:08 UTC.


© Publicnow 2021
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Sales 2021 22 730 M 26 458 M 26 458 M
Net income 2021 422 M 491 M 491 M
Net cash 2021 636 M 740 M 740 M
P/E ratio 2021 11,7x
Yield 2021 5,60%
Capitalization 4 914 M 5 715 M 5 719 M
EV / Sales 2021 0,19x
EV / Sales 2022 0,15x
Nbr of Employees 34 069
Free-Float 30,2%
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Number of Analysts 7
Last Close Price 72,06 €
Average target price 85,09 €
Spread / Average Target 18,1%
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Marcelino Fernández Verdes Chairman-Executive Board
Peter-Wilhelm Sassenfeld Chief Financial Officer
Pedro José López Jiménez Chairman-Supervisory Board
José Ignacio Legorburo Chief Operating Officer
Georg von Bronk Chief Compliance Officer & Head-Governance
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