TORONTO, May 29, 2013 /CNW/ - Humber River Hospital's redevelopment
project has been named Best Accommodation Project at the 2013 Partnership Awards ceremony, held on Thursday, May 23rd at the Park Plaza - Westminster Bridge in London, UK. Infrastructure
Ontario's Senior VP of Project Delivery, John McKendrick, accepted the
Award on behalf of the Hospital and Plenary Group.
The Humber River project was selected from a number of global entries,
including projects in Australia, France, Italy and the UK. Judges
cited the project for "marrying highly complex and good quality design
with an innovative approach to financing. They were impressed by the
speed of the project's financial close despite these complexities."
The Partnerships Awards reward innovation, inspiration and
collaboration. Eligible projects "demonstrate the true ingenuity taking
place across the world, at both local and central government levels, as
the private and public sectors raised the bar once again to deliver
outstanding schemes in the toughest of financial environments." Source:
Paul Jarvis, Managing Editor, Partnerships Bulletin.
"We understood from day one that our community and the general public
expected us to use the resources being provided for our redevelopment
project wisely," says Dr. Rueben Devlin, President and CEO of Humber
River Hospital. "Having the financing strategy for our project
recognized yet again by outside experts is very gratifying. It
acknowledges the rigour we've brought to the process to ensure value
for money for the taxpayers of Ontario. Our new hospital will be an
amazing asset for our patients and our community. They can also be
assured it was financed in an innovative, effective manner that has set
a new standard for projects of this complexity."
"We are thrilled that Humber River Hospital has yet again been
recognized for its innovative financing approach", says Mike Marasco,
CEO of Plenary Concessions. "Plenary Health Care Partnerships is very
proud to have been chosen as Humber's partner for this important
redevelopment project, which pushes the boundaries of technology risk
transfer in a healthcare facility, as well as yielding significant
savings for the hospital through both the AFP approach and the use of
new bond financing structures."
The Awards are sponsored by The Partnerships Bulletin, an international magazine that provides "in-depth updates on
partnership working between the public and private sector, including
the private finance initiative (PFI), public private
partnerships (PPPs) and newer models, such as asset backed regeneration
vehicles. Each hard-copy edition includes news, interviews with the top
industry figures, in-depth market reports on partnership sectors and
industry authored articles covering transport, waste, education,
healthcare, housing, courts and leisure." Source: Partnerships
This is not the first time the Humber River project has been recognized
for its financial integrity. Earlier this year the project won two
awards at the 2013 World Finance Magazine Public Private Partnerships Awards: Best Healthcare Project, North America for Humber River Hospital and Best Project Sponsor, North America for Plenary Group. The awards were presented to HRH President & CEO Dr.
Rueben Devlin and Plenary Group CEO Mike Marasco at a ceremony at the
London Stock Exchange in January.
And last November the Canadian Council for Public-Private Partnerships
(CCPPP) presented the project with the Silver Project Finance Award at its 2012 National Awards for Innovation & Excellence.
About Humber River Hospital:
Humber River Hospital is one of Canada's largest regional acute care
hospitals, serving a catchment area of more than 850,000 people in the
northwest Greater Toronto Area. The hospital currently operates on
three sites with a total of 549 beds, 3,000 staff, approximately 600
physicians and 400 volunteers. Affiliated with the University of
Toronto, the hospital is home to Ontario's first Centre of Excellence
for laparoscopic bariatric surgery, Canada's first home nocturnal
dialysis program and a major cancer program.
Humber River Hospital is currently building North America's first fully
digital hospital, one that the organization plans to make a
technological and environmental showcase. Learn more about our plans for the future at www.hrrh.ca/redevelopment.
About Plenary Health Care Partnerships:
Plenary Health Care Partnerships is a consortium of Plenary Group, HCP
Social Infrastructure, Innisfree, PCL Constructors Canada, HDR
Architecture Inc, and Johnson Controls. Plenary Group is Canada's
leading developer of on-time, on-budget and performance-guaranteed
infrastructure, including healthcare facilities. For more information
on Plenary Group and this project, please visit our website at www.plenarygroup.com.
SOURCE: Humber River Regional Hospital
For further information:
Director, Public and Corporate Communications
Humber River Hospital
Vice-President Corporate Development