To capitalize on the current and growing boom in the healthcare
construction market, Fluor Corporation (NYSE: FLR) today announced that
its Infrastructure business line, a unit of the Industrial &
Infrastructure group, is beginning pursuit of healthcare capital
projects worldwide.
As part of Fluor's strategy to strengthen and diversify its project
portfolio, the company is establishing a business in the non-cyclical
healthcare market. Fluor is well-positioned to leverage its vast
experience in siting, facilities programming, project management,
engineering, procurement, construction, financing, operations, and
maintenance to add value in this marketplace.
With a focus primarily on projects that would allow Fluor to maximize
the capabilities and expertise of its employees, Fluor plans to pursue
project and program management roles with for-profit, not-for-profit and
university clients.
To help execute this strategy, Fluor has hired four executives who will
be based in a new office located in Nashville, Tenn. Tom Gormley, Steve
Brecker, Mike Noli and Drew White, each formerly of Hospital Corporation
of America, bring distinct skill sets and expertise to this new market
focus.
"Tom, Steve, Mike and Drew have a combined experience of several decades
in the healthcare industry, and will no doubt provide invaluable
knowledge and understanding of this important target market as we pursue
work in the U.S. and internationally," said Steve Hopkins, a vice
president of Sales with Fluor's Infrastructure business line. "By
combining their accumulated healthcare knowledge and expertise with
Fluor's extensive resources and program management expertise, we will be
able to provide a range of services to owners not currently available in
the marketplace. This will allow owners to respond to the increased
market demand created by factors such as aging baby boomers, a need to
repair or replace aging facilities, changing technologies and
demographics and an increase in demand for outpatient services."
Fluor Corporation (NYSE: FLR) provides services on a global basis in the
fields of engineering, procurement, construction, operations,
maintenance and project management. Headquartered in Aliso Viejo,
California, Fluor is a FORTUNE 500 company with revenues of $9.4 billion
in 2004. For more information, visit http://www.fluor.com.
Leann Vandergrift/Lisa Boyette
Media Relations
949.349.7420/3652
tel
Ken Lockwood
Investor Relations
949.349.3815 tel
949.349.5375
fax
Media Relations, Leann Vandergrift, +1-949-349-7420, or LisaBoyette, +1-949-349-3652, or Investor Relations, Ken Lockwood,+1-949-349-3815, or fax, +1-949-349-5375, all of Fluor Corporation//Web site: http://www.fluor.com/