The Northern Batched Hospitals PFI scheme has reached financial close. The Ready to Heal scheme comprised of two projects, Tameside Hospital which reached financial close today, and Salford Hospital which closed on 31 August 2007.

Consort Healthcare, a joint venture between Balfour Beatty and HSBC Infrastructure Fund, was awarded the 35 year contract to design, build, finance and operate both hospital projects.

The £135 million Salford project involves delivering a new 222 bed hospital and education centre, whilst the £72 million Tameside project will include a new elderly mental health unit plus extensions to theatres, treatment centres and the radiology and diagnostic units.

Ambac Assurance UK Limited and Deutsche Trustee Company Limited are the bond guarantors for both projects providing £191 million towards the scheme.

Operis provided financial model due diligence services and tax and accounting advice on both projects.

Share now

CONTACT US

Please get in touch with either of our regional offices.

https://www.operis.com/wp-content/uploads/2022/11/22_09_Chris_A-0376.jpg
Chris Aldred
Head of Advisory

+44 207 562 0433

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/03/Jun-Tao-500x500.png
Jun Tao
Director

+44 207 562 0428

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/04/019A5891_Michael.jpg
Michael Jarman
Director

+1 647 243 8016

[javascript protected email address]
https://www.operis.com/wp-content/uploads/2021/05/Philip-Allen-500x500.jpg
Philip Allen
Head of Training [javascript protected email address]

Operis Europe

View Google Map
+44 207 562 0400
[javascript protected email address]

Operis North America

View Google Map
+1 647 846 7382
[javascript protected email address]

CONTACT US

Discuss your requirements with us

https://www.operis.com/wp-content/uploads/2022/11/22_09_Chris_A-0376.jpg
Chris Aldred
Head of Advisory

+44 207 562 0433

[javascript protected email address]
Name(Required)
This field is for validation purposes and should be left unchanged.