Daily Newsletter

25 September 2023

Daily Newsletter

25 September 2023

Skanska given contract to build hospital in Lakeland, Florida

Construction of the 54,000ft², seven-storey facility is in progress and is due to be completed by 2026.

Soumya Sharma September 25 2023

Swedish construction company Skanska has entered an additional contract with US-based non-profit healthcare organisation Orlando Health to build a hospital in Lakeland, Florida.

The value of the contract is estimated at around Skr500m ($44.95m).

As part of the additional contract, Skanska will work on the foundations, concrete and exterior skin of Orlando Health Lakeland Highlands Hospital.

The full contract between Skanska and Orlando Health involves the construction of a seven-storey acute care facility.

Covering 54,000ft², the acute care facility will offer various medical and support services, including imaging, lab and pharmacy services.

It will also feature a dining area and gift shop.

The facility is currently in development and is due to be completed by 2026.

Skanska has booked this contract under its US order bookings for Q3 2023.

Earlier this year, the company signed a contract worth around Skr1.1bn for the Lakeland hospital.

It also developed Orlando Health's Jewett Orthopedic Institute, which began treating patients in March this year.

According to a report by LkldNow, the south Lakeland facility is being built at the southeast corner of Polk Parkway on an 80-acre site at Lakeland Highlands Road.

The multi-storey acute care facility will feature a 48-bed emergency department, 30 intensive care rooms, 16 rooms for a women’s birthing programme and additional shelled space for a neonatal intensive care unit.

The construction of Orlando Health Lakeland Highlands Hospital was first announced in 2021.

The facility was originally planned to have only 136 beds, but this was increased to 360 after a feasibility study was carried out to understand the demand for hospital beds in Lakeland.

Orlando Health currently has $9.2bn of assets under management, including 29 hospitals and emergency departments.

Of the group's hospitals, 24 are currently operational and five are due to open soon.

Is it time for the healthcare sector to fully embrace the benefits of digitalization and AI?

Primarily due to COVID-19, the healthcare sector has witnessed an acceleration in digital transformation, which has improved efficiencies and enhanced patient outcomes. AI can revolutionize the drug discovery process and significantly reduce the time and cost to get a drug to market, particularly in areas of unmet need. However, using healthcare data for AI development raises data privacy concerns, thereby limiting its adoption.

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