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Re Contract

28th Mar 2006 16:01

Kier Group PLC28 March 2006 Kier reaches Financial Close on Ipswich Garrett Anderson Centre Kier Group plc, a member of Prospect Healthcare, comprising Kier Group and HSBC,has reached Financial Close on a new £26m treatment centre for The IpswichHospital NHS Trust. The £41m private finance initiative project will involvefinancing, designing, building and maintaining the facilities under a 30-yearconcession. The four-storey facility will be built by Kier Eastern, providing Ipswich with astate-of-the-art building on the existing hospital site. The centre will includea new emergency department, a critical care centre, a day surgery suite, andtheatres and beds dedicated to planned or elective care. Kier Managed Services,also part of the Kier Group, will maintain the building over the concessionperiod. Commenting, Kier Group Chief Executive, John Dodds, said "We are pleased thatIpswich Hospital Health Care Trust has chosen Prospect Healthcare as its partnerand we look forward to working in partnership with the Trust staff to deliverthe treatment centre for the benefit of the local community." Ends 27.03.06 Contact: Deena Mattar01767 640 111 This information is provided by RNS The company news service from the London Stock Exchange

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