Integrated Team Solutions SJHC Partnership - S&P Global Ratings’ Credit Research

Integrated Team Solutions SJHC Partnership

Integrated Team Solutions SJHC Partnership - S&P Global Ratings’ Credit Research
Integrated Team Solutions SJHC Partnership
Published Jun 21, 2019
9 pages (3155 words) — Published Jun 21, 2019
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Integrated Team Solutions SJHC Partnership (ProjectCo) is a special-purpose vehicle (SPV) responsible for designing, building, financing, and maintaining a mental health facility in London, Ont. (454,025 square feet [sq. ft.] across four stories; with 168 beds) and a forensics mental health facility in St. Thomas, Ont. (234,430 sq. ft. across three stories; 89 beds). Both facilities serve people with severe and persistent mental illnesses. Operations at the smaller St. Thomas facility began in April 2013, and at the London facility in October 2014. ProjectCo has passed down hard facilities management (FM) and lifecycle responsibilities to Honeywell Ltd. for 30 years under a fixed-price FM service agreement, while St. Joseph's Health Care (SJHC or the off-taker) retains the soft FM and

  
Brief Excerpt:

...Integrated Team Solutions SJHC Partnership (ProjectCo) is a special-purpose vehicle (SPV) responsible for designing, building, financing, and maintaining a mental health facility in London, Ont. (454,025 square feet [sq. ft.] across four stories; with 168 beds) and a forensics mental health facility in St. Thomas, Ont. (234,430 sq. ft. across three stories; 89 beds). Both facilities serve people with severe and persistent mental illnesses. Operations at the smaller St. Thomas facility began in April 2013, and at the London facility in October 2014. ProjectCo has passed down hard facilities management (FM) and lifecycle responsibilities to Honeywell Ltd. for 30 years under a fixed-price FM service agreement, while St. Joseph's Health Care (SJHC or the off-taker) retains the soft FM and clinical services operations. The 30-year operation period will end in April 2043....

  
Report Type:

Full Report

Issuer
Sector
Global Issuers
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Region
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Integrated Team Solutions SJHC Partnership" Jun 21, 2019. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-2253959>
  
APA:
S&P Global Ratings’ Credit Research. (). Integrated Team Solutions SJHC Partnership Jun 21, 2019. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-2253959>
  
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