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 08, 2022
10 pages (3227 words) — Published Jun 08, 2022
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Abstract:

Integrated Team Solutions SJHC Partnership (ProjectCo or ITS SJHC) entered into an availability-based project agreement (PA) with St. Joseph's Health Care London (SJHC) to design, build, finance, and maintain two hospitals in Ontario to serve patients with severe and persistent mental illness. Parkwood Institute (PIMH) is a four-story, 454,025 square foot mental health facility in London with 168 beds. The three-story 234,430 square foot Southwest Centre for Forensic Mental Health Care (SWC) is a forensics mental health facility in St. Thomas with 89 beds. SWC began operations in April 2013, followed by PIMH in October 2014. The project's operating period will last for 30 years until April 2043. ITS SJHC has fully passed down its hard facility management (FM) and

  
Brief Excerpt:

...Integrated Team Solutions SJHC Partnership (ProjectCo or ITS SJHC) entered into an availability-based project agreement (PA) with St. Joseph's Health Care London (SJHC) to design, build, finance, and maintain two hospitals in Ontario to serve patients with severe and persistent mental illness. Parkwood Institute (PIMH) is a four-story, 454,025 square foot mental health facility in London with 168 beds. The three-story 234,430 square foot Southwest Centre for Forensic Mental Health Care (SWC) is a forensics mental health facility in St. Thomas with 89 beds. SWC began operations in April 2013, followed by PIMH in October 2014. The project's operating period will last for 30 years until April 2043. ITS SJHC has fully passed down its hard facility management (FM) and lifecycle responsibilities to Honeywell Ltd. for its entire operating period under a fixed-price FM service agreement. Effective May 13, 2022, Fengate acquired EllisDon Corp.'s interest in ProjectCo. Following this transaction,...

  
Report Type:

Full Report

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Sector
Global Issuers
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MLA:
S&P Global Ratings’ Credit Research. "Integrated Team Solutions SJHC Partnership" Jun 08, 2022. Alacra Store. May 23, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-2851225>
  
APA:
S&P Global Ratings’ Credit Research. (). Integrated Team Solutions SJHC Partnership Jun 08, 2022. New York, NY: Alacra Store. Retrieved May 23, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Integrated-Team-Solutions-SJHC-Partnership-2851225>
  
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