Sharechat Logo

Wakefield warns of further quake-strengthening costs

Monday 10th October 2011

Text too small?

The site of Wakefield Health’s main hospital in Newtown, Wellington, will require greater earthquake strengthening than previously anticipated, the company’s chief executive Andrew Blair said in a statement to the NZX today.

While engineers had confirmed all facilities at Royston Hospital in Hastings and Bowen Hospital in Wellington exceed current earthquake-prone building thresholds, some buildings including in-paitent accommodation and part of the operating theatre area at the Wakefield Hospital site had been found to require repair.

“Advice as to the extent of work required is still awaited,” said Blair.The company has been assessing the quake-proof status of its portfolio since May this year.

Wakefield shares last traded at $4.90, but did not trade today.

  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Stewart, Royston Hospital Trust sew up control of Wakefield Health
Wakefield Health to change name to Acurity
Wakefield discovers past banking covenant breach, now remedied
Wakefield 1st half net profit up nearly 33%
Wakefield reports buoyant start to the year but expects weaker second half
Wakefield Health to tap investors for $15 mln to pay for acquisitions
Wakefield spends $6.8 mln on specialist Auckland clinics
Wakefield Health mails out bid for Norfolk
Daily ShareChat: Wakefield Health
Wakefield bid for Norfolk stumbles again