Canadian Company Signs Partnership Agreement To Build Hospitals in Turks and Caicos

    TORONTO, Feb. 13 /CNW/ - (February 13, 2008) - Interhealth Canada is
pleased to announce the successful completion of funding agreements to build
and operate two new hospitals for the Government of the Turks and Caicos
Islands. The agreement, signed on January 11, 2008, is based on a 25-year
concession plan.
    With a total initial capital investment programme of 124 million US$, the
contract represents a long term commitment by this rapidly growing Canadian
company to develop two, modern hospitals and, through these, to set up and
operate a comprehensive primary and secondary health care service to the
population of the islands of this British Overseas Territory.
    This innovative project is based on a standard UK PFI or public-private
partnership (PPP) - model but with the distinctiveness that Interhealth Canada
is responsible for both the construction of the hospitals and their
operational management during the concession period.
    The two facilities will be built with an initial capacity of 60 beds -
20 beds on the island of Grand Turk, the capital and seat of government, and
40 beds on Providençiales, the most populated of the Turks and Caicos Islands.
    Construction work began on January 14th, 2008 and is expected to be
completed within two years. Interhealth Canada will then operate the
facilities for a further 23 years.
    Once completed, Interhealth Canada will be seeking accreditation by the
Canadian Council on Health Services Accreditation.
    The Turks and Caicos Islands are experiencing a period of strong economic
growth with the development of the tourist industry. The region has become a
popular destination for tourists from around the world including many
Canadians. This increase in tourism emphasizes the need for quality healthcare
facilities abroad.
    Speaking on behalf of Interhealth Canada, the company's CEO Eric Parsons
said: "Interhealth Canada has been working with the Government of the Turks
and Caicos for some time on this exciting project. The recent agreement
demonstrates the mutual confidence, which has developed through the process.
Interhealth will draw on its expertise in hospital management and construction
demonstrated through the completion of projects in the Middle East and United
Kingdom. We look forward to working with a number of Canadian Hospitals and
companies as we endeavour to bring the best of Canadian Health Care within the
Primary and Secondary field to the Turks and Caicos Islands"

For further information:

For further information: Ronalda Walsh, Pilot Communications, (709)
753-0794, (709) 699-3773;

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