Date Closed

August 10, 2018

Lead Office

Vancouver

Value

1.20 Billion CAD

On August 10, 2018, EllisDon Infrastructure WPHC General Partnership ("EllisDon)" entered into a C$1.2 billion Project Agreement with Infrastructure Ontario and West Park Healthcare Centre to design, build, finance and maintain the West Park Healthcare Centre project. National Bank Financial Inc. and CIBC World Markets Inc. acted as the underwriters and lenders to EllisDon.

The redevelopment  will include a new, approximately 730,000 square foot hospital building that will provide various inpatient, outpatient, and outreach services. The first hospital in Ontario to include community benefits, West Park Healthcare Center will expose patients to a unique rehabilitative environment including extensive landscaping for outdoor therapy, therapeutic gardens, walking paths and courtyards. This project highlights the government’s commitment to building modern and reliable infrastructure to meet Ontario’s future healthcare needs. Construction is set to begin immediately and substantial completion is slated for early 2023.  

EllisDon is a world-leading construction and building services company that operates in every market sector and across the globe.

McCarthy Tétrault LLP advised National Bank Financial Inc. and CIBC World Markets Inc., the underwriters and lenders, with a team led by Samantha Cunliffe that included Linda Brown, Liezl Behm and Ailbish Skinner (Financial Services) and Robin Mahood (Business).