Operis has acted as financial advisor to Ledcor Develops Ltd. who, in December 2020, completed the sale of its 30% equity stake in the BC Children’s & Women’s Hospital P3 in British Columbia, Canada to Concert.
The project reached financial close in April 2014 with Balfour Beatty Investments and Ledcor Develops Ltd. as co-shareholders.
The project, operational since 2017, involves the design, construction, financing and maintenance of the second and third phases of the redevelopment of the BC Children’s and BC Women’s hospitals. The second and third phases of the project include the building of the new BC Children’s Hospital and renovation and expansion of BC Women’s Hospital.
In addition to acting as financial advisor, Operis has provided Ledcor Develops Ltd. with financial modelling and valuation services.