Existing Value

in

Existing Value

$1 billion of EXISTING ASSETS
According to the independent estimate of Mark Hamilton, commercial lawyer of Grope Hamilton Lawyers Adelaide, the replacement value of the existing Royal Adelaide Hospital assets is $1 billion (Adelaide Advertiser 9/12/2008).

EVERY high cost area of the hospital has been refurbished
Over the past 10 years, $130 million has been spent upgrading the Royal Adelaide Hospital. This includes the building of the new Robert Gerard Wing (P Wing). This wing was funded by a public fundraising appeal which raised $4 million. The refurbished central block was also made earthquake compliant in the course of this refurbishment.

Other areas of refurbishment include:

  • Intensive Care Unit
  • Emergency Department
  • Burns Unit
  • Cardiothorasic Intensive Care Unit
  • Radiology Department, including new MRI scanner and multi-million dollar PET scanner
  • Renal Transplant Unit, currently undergoing a $15 million upgrade
  • Cafeteria
  • Day Surgery
  • Gastrointestinal Endoscopy Suite

Now all we need is NEW WARDS!
This was part of the government's plans for the continued redevelopment of the Royal Adelaide Hospital, before they were shelved in favour of the new hospital.

To find out how we can build new wards, read how we can get MORE FOR LESS.