Bids have been submitted for the Penticton Regional Hospital Phase One P3 project in Ontario, Canada on December 10, 2015.

The project, which has been procured by Okanagan-Similkameen Regional Hospital District and Okanagen Similkameen Medical Foundation, comprises the construction of a new patient tower which will add 26,700 square feet to the hospital’s facilities. The first phase of the project will provide new medical and surgical inpatient rooms, a medical device unit, and area for the University of British Columbia Faculty of Medicine. The construction period should last two years with completion scheduled for mid 2018.

In support of Tandem Health Partner’s bid, comprising of Gracorp and Balfour Beatty, Operis was pleased to provide a model audit of the financial model representing the transaction, which included a review of the model’s tax and accounting treatments.

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