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October 1, 2012

Swedish construction group divests three UK hospitals

Skanska, a project development and construction group headquartered in Stockholm, Sweden, has divested three hospitals in the Midlands, UK, for £66m.

By admin-demo

Skanska, a project development and construction group headquartered in Stockholm, Sweden, has divested three hospitals in the Midlands, UK, for £66m.

The construction group has sold its investment in three UK hospitals to co-investor Innisfree. The transaction is expected be recorded in the third quarter of 2012.

"The construction group has sold its investment in three UK hospitals to co-investor Innisfree."

The three Private Public Partnership (PPP) hospitals are University Hospital Coventry, Derby City General Hospital and the Sherwood Forest Hospitals.

Skanska was responsible for the design and construction of the hospitals, which commenced operations in June 2007, December 2008 and March 2011 respectively.

University Hospitals Coventry and Warwickshire NHS Trust is an acute teaching hospital in the UK, comprising University Hospital Coventry and the Hospital of St Cross in Rugby. Royal Derby Hospital (formerly Derby City General Hospital) is one of two teaching hospitals in the city of Derby.

The Sherwood Forest Hospitals trust offers healthcare services for people in and around Mansfield, Ashfield, Newark, Sherwood and parts of Derbyshire and Lincolnshire.

Under a different contract, Skanska UK is responsible for the hard facility management services at Derby City General Hospital and the Sherwood Forest Hospitals, which the firm will continue to deliver.

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