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November 27, 2020updated 03 Dec 2020 3:14pm

DIF Infrastructure to acquire stake in Toledo Hospital Project

DIF Capital Partners’ (DIF) fund DIF Infrastructure VI has signed an agreement with Spanish infrastructure company OHL to acquire 33.3% interest in Nuevo Hospital de Toledo (Toledo Hospital Project).

DIF Capital Partners’ (DIF) fund DIF Infrastructure VI has signed an agreement with Spanish infrastructure company OHL to acquire 33.3% interest in Nuevo Hospital de Toledo (Toledo Hospital Project).

Under the agreement, the company will also acquire an indirect 33.3% stake in the company that operates the project which comprises the construction, maintenance, financing and operation of the non-clinical services of the Toledo Hospital.

It benefits from an availability-based payment scheme granted by Castilla-La Mancha Health Service (SESCAM) under a concession which is set to run until 2045.

Toledo Hospital construction by a joint venture between OHL, Acciona and ACS started in 2016. It was officially inaugurated this month.

The hospital is expected to be fully operational during next year. It will provide services to more than 434,000 inhabitants living in 116 municipalities in the province of Toledo.

Seven buildings with a total floor area of more than 245,000m² are part of the project. They are organised around a central street that functions as a public space and connects the various hospital services.

Of the total 1,142 beds that are available, 760 are for hospitalisation and 382 for other uses.

Another 368 are consultation rooms, 97 examination rooms, 120 outpatient posts, 42 emergency observation posts and 65 treatment posts, and examination bays.

DIF Spain head Fernando Moreno said: “We are very glad that we have been able to further develop our relationship through this high profile transaction.

“The project perfectly fits in our portfolio and should provide a stable and strong yield for our investors.”

The transaction is expected to close in the first half of next year.

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