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 29, 2020
9 pages (3424 words) — Published Jun 29, 2020
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Integrated Team Solutions SJHC Partnership (Project Co) entered into an availability-based concession agreement with St. Joseph's Health Care London (SJHC) to design, build, finance, and maintain two hospitals in Ontario: the Parkwood Institute (PIMH) and Southwest Centre for Forensic Mental Health Care (SWC). In turn, the Project Co entered into back-to-back contracts with EllisDon Corporation (EllisDon) and Honeywell Ltd. (Honeywell). Project Co has passed down hard facility management (FM) and lifecycle responsibilities to Honeywell Ltd. for 30 years under a fixed-price FM service agreement, while SJHC retains the soft FM and clinical services operations. SWC began operations in April 2013, followed by PIMH in October 2014. Both facilities serve people with severe and persistent mental illnesses. SWC is a three-story

  
Brief Excerpt:

...Integrated Team Solutions SJHC Partnership (Project Co) entered into an availability-based concession agreement with St. Joseph's Health Care London (SJHC) to design, build, finance, and maintain two hospitals in Ontario: the Parkwood Institute (PIMH) and Southwest Centre for Forensic Mental Health Care (SWC). In turn, the Project Co entered into back-to-back contracts with EllisDon Corporation (EllisDon) and Honeywell Ltd. (Honeywell). Project Co has passed down hard facility management (FM) and lifecycle responsibilities to Honeywell Ltd. for 30 years under a fixed-price FM service agreement, while SJHC retains the soft FM and clinical services operations. SWC began operations in April 2013, followed by PIMH in October 2014. Both facilities serve people with severe and persistent mental illnesses. SWC is a three-story forensics mental health facility with 89 beds on 234,430 sq. ft. of land in St. Thomas. PIMH is a four-story mental health facility with 168 beds on 454,025 sq. ft. of land...

  
Report Type:

Full Report

Issuer
Sector
Global Issuers
Country
Region
Format:
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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 29, 2020. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-2470488>
  
APA:
S&P Global Ratings’ Credit Research. (). Integrated Team Solutions SJHC Partnership Jun 29, 2020. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-2470488>
  
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