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    STN   CA85472N1096

STANTEC INC.

(STN)
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Delayed Toronto Stock Exchange  -  04:16 2022-11-25 pm EST
67.81 CAD   -0.37%
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Stantec : HDR and Stantec selected to design new St. Paul's Hospital in Vancouver

03/10/2021 | 06:37am EST

HDR in collaboration with Stantec were selected to design the new St. Paul's Hospital Project in Vancouver, British Columbia. At more than two million square feet, this new healthcare facility will be the most extensive hospital redevelopment in the province's history. A historic beacon of health and care in Vancouver, St. Paul's Hospital is dedicated to embracing and serving the community's physical, emotional, social and spiritual needs through compassionate care, teaching and research.

'For over 125 years St Paul's Hospital has served the greater Vancouver community with dedication and tremendous compassion,' said Troy Ransdell, healthcare principal at HDR. 'We have long admired their work and commitment, and we are humbled and honored to help these remarkable people realize their dreams and aspirations as they continue their good work into the future.'

'There's never been a more important time to expand the healthcare capacity in Canada and we are proud to add this new welcoming and supportive space to the Vancouver landscape,' said Darren Burns, vice president at Stantec. 'The design supports an enhanced patient experience while creating a timeless space that embraces the history of this long-respected institution.'

The design of the new St. Paul's Hospital will be a patient-centered campus of care focused on sustainability and resiliency, as well as keeping patients healthy and cared for within their own community. The hospital will include a new emergency department, surgical and interventional services, a critical care unit, a maternal newborn unit and birthing suits, outpatient services, inpatient and outpatient mental health services, community care and outreach programs, and a multilevel, 1,170-space parking structure. Public spaces such as parks and plazas as well as community infrastructure will integrate this new facility with the community it serves.

View a flythrough of the new hospital.

'PCL is honoured to work with Providence Health Care to bring this world-class health care facility to Vancouver,' said PCL Vice President and District Manager Jeff Murphy in a press release. 'We take great pride in knowing that we can help make a genuine difference in our community for patients and their families. Our company is proud of all the projects we build, and the new St. Paul's Hospital will be another exceptional facility where our health care building expertise shines through.'

The design-build team includes PCL Construction and Architect of Record HDR in collaboration with Stantec. The project is currently in the detailed design phase. Site preparation and construction is expected to begin in spring 2021 with completion in 2026.

About HDR
For over a century, HDR has partnered with clients to shape communities and push the boundaries of what's possible. Our expertise spans more than 10,000 employees in more than 200 locations around the world - and counting. Our engineering, architecture, environmental and construction services bring an impressive breadth of knowledge to every project. Our optimistic approach to finding innovative solutions defined our past and drives our future.

About Stantec
Communities are fundamental. Whether around the corner or across the globe, they provide a foundation, a sense of place and of belonging. That's why at Stantec, we always design with community in mind.

We care about the communities we serve-because they're our communities too. This allows us to assess what's needed and connect our expertise, to appreciate nuances and envision what's never been considered, to bring together diverse perspectives so we can collaborate toward a shared success.

We're designers, engineers, scientists, and project managers, innovating together at the intersection of community, creativity, and client relationships. Balancing these priorities results in projects that advance the quality of life in communities across the globe.

Stantec trades on the TSX and the NYSE under the symbol STN.

Media Contact: HDR
Troy Parks
Senior Communications Specialist, Health
HDR
Ph (602) 245-7224
troy.parks@hdrinc.com

Media Contact: Stantec
Susan Bender
Stantec Media Relations
Ph (267) 334-1462
susan.bender@stantec.com

Disclaimer

Stantec Inc. published this content on 10 March 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2021 11:36:03 UTC.


ę Publicnow 2021
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Sales 2022 4 434 M 3 315 M 3 315 M
Net income 2022 249 M 186 M 186 M
Net Debt 2022 1 421 M 1 063 M 1 063 M
P/E ratio 2022 32,1x
Yield 2022 1,04%
Capitalization 7 511 M 5 616 M 5 616 M
EV / Sales 2022 2,01x
EV / Sales 2023 1,82x
Nbr of Employees 26 000
Free-Float 99,7%
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