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  • Balfour Beatty Investments Completes Sale of P3 Healthcare Asset

    25 September 2019

    In September 2019, Balfour Beatty Investments (BBI) completed the sale of its 50% equity stake in the North Island Hospital in British Columbia, Canada to Connor, Clark and Lunn Infrastructure (CC&L Infrastructure). The project reached financial close in 2014 with both BBI and CC&L Infrastructure as co-shareholders.

    The project, operational since 2017, involves the design, construction, financing and maintenance of two new hospitals in Campbell River and in the Comox Valley. These facilities include more than 72,000 square meters designed to increase acute care capacity on North Vancouver Island with single-patient rooms, modern surgical, medical imagining facilities, and enhanced and expanded emergency and intensive care departments.

    Operis has acted as financial advisor to BBI on this project including the provision of financial modelling and valuation services.


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