Operis has provided a full audit of the financial model for NL Healthcare Partnership, a consortium consisting of Fengate and Pomerleau, in support of their bid for the New Adult Mental Health and Addictions Facility (NAMHAF).  The project involves the construction of a state-of-the-art mental health and addictions facility along with a new parking structure in the Health Sciences area of St. Johns, Newfoundland and Labrador.

In late June 2020, NL Healthcare partners, alongside two other consortiums, submitted their final bids for the NAMHAF PPP project. The new facility is expected to replace the current Waterford Hospital, one of the oldest mental health hospitals in Canada.  The provincial government has recognised that this sector is in need of more attention and by procuring the NAMHAF they have committed to replacing the Waterford Hospital.  This new facility will be a smaller mental health and addictions facility with the goal of providing improved community-based services located where the people of St. Johns need them.  This replacement approach is expected to reduce the volume and duration of unnecessary hospitalisations and improve overall quality of care.

The new facility will house 102 beds and the parking structure will include a minimum of 500 parking spaces.  The two structures will be constructed simultaneously of each other, with the parking structure expected to be completed in July 2022 and the new facility in May 2024.  Financial close is expected to take place in late September 2020.

 

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Carmen Wade
Financial Advisory, Head of North America

+1 647 243 3840

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Jun Tao
Global Head of Model Audit & Financial Modelling

+44 207 562 0428

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Mark Southall
Associate Director - Model Audit & Financial Modelling

+1 647 846 7384

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Operis Europe

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+44 207 562 0400
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Operis North America

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+1 647 846 7382
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Discuss your requirements with us

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Erwan Fournis
Global Head of Financial Advisory

+44 207 562 0444

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Chris Aldred
Director

+44 207 562 0433

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