ABM to Save Arnot Ogden Medical Center Approximately $14.5M in Energy and Operating Costs
May 14 2015 - 5:00PM
ABM (NYSE:ABM), a leading provider of
facility solutions, has been selected by Arnot Ogden Medical Center
(AOMC) in Elmira, NY, to complete an energy conservation project
through ABM's Bundled Energy Solutions program. The contract builds
on ABM's existing healthcare support services role within the
hospital and is expected to reduce AOMC's annual water and energy
usage by 20%.
ABM's Bundled Energy Solutions program is designed as a
financial solution to meet clients' technical facility needs and
sustainability goals. For ABM, the goal is to drive costs out of a
client's operating budget, allowing savings to be reallocated to
fund mission critical facility needs.
The Bundled Energy Solutions program benefits hospitals in two
significant ways. First, critical facility improvements can be
implemented through budget-neutral financing solutions. Second, by
implementing state-of-the-art heating, cooling and control systems,
hospitals can provide their patients with a more comfortable
environment, which can help increase overall satisfaction. Patient
satisfaction scores and readmission rates are critical to
hospitals, since they are tied to reimbursement rates and revenue
growth.
"This initiative is a win-win for Arnot Ogden Medical Center
and, most importantly, our patients," said Fred Farley, AOMC
President. "We've forged a strong relationship with ABM for the
last six years and when they offered us a chance to make these
much-needed improvements with no capital outlay, we jumped at the
opportunity. Rather than wait for the inevitable breakdown of our
aging infrastructure, we wanted to be proactive and ABM's energy
business solved our problem with a tremendous financing
solution."
The customized solution includes major enhancements to AOMC's
central plant, including the installation of new boilers and
chillers, and modifying its existing energy control system. In all,
AOMC is set to save approximately $600,000 in annual energy and
operational costs and approximately $14.5 million over the life of
the contract.
"We are thrilled to provide energy efficiency solutions to
another existing ABM client," said Tracy K. Price, ABM Executive
Vice President. "ABM has been helping its education, local
government and retail clients finance these energy upgrades for
years, and we're excited to now see the enthusiasm for our solution
in the healthcare industry. We look forward to continuing our
significant partnership with Arnot Ogden Medical Center."
ABOUT ABM
ABM (NYSE:ABM) is a leading provider of facility solutions with
revenues of approximately $5.0 billion and 118,000 employees in
over 300 offices deployed throughout the United States and various
international locations. ABM's service capabilities include
electrical & lighting, energy solutions, facilities
engineering, HVAC & mechanical, landscape & turf, parking
and security, provided through stand-alone or integrated solutions.
ABM provides custom facility solutions in urban, suburban and rural
areas to properties of all sizes — from schools and bank branches
to the largest and most complex facilities, such as airports,
hospitals and manufacturing plants. ABM Industries
Incorporated, which operates through its subsidiaries, was founded
in 1909. For more information, visit www.abm.com.
CONTACT: Media:
Chas Strong
770.262.2948
chas.strong@abm.com
Investors & Analysts:
David Farwell
212.297.9792
dfarwell@abm.com
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