Edinburgh, 26 January 2010  Glasgow’s New Stobhill Hospital is to be expanded to include 60 beds, it has been announced. The hospital, which opened in 2009, has already won three prestigious design awards. It is one part of a major private public partnership between NHS Greater Glasgow & Clyde and its partners which is providing new hospitals in the north and south of Glasgow.

A project company, owned by Barclays Private Equity funds and UME Investments, provides and maintains the new facilities which are operated by the Health Board. Existing investors have injected £2.3m more investment into the project. £17.6m million of additional senior debt is being provided by Barclays Bank. Canmore Partnership initiated the transaction and remain involved in managing the project. Quayle Munro advised the project company.

Robert Calderwood, the Health Board’s Chief Executive said: “This project is already delivering world class facilities to patients and staff in Glasgow.  We are proud to be able to announce this expansion which will provide modern ward accommodation and allow us to maximise the use of the superb day surgery facilities at the New Hospital.”

Anita Gregson of Barclays Private Equity and a director of the project company commented: “ This is aleady a very successful hospital, but it has been particulalrly challenging to attract new lending in very difficult market conditions. This is a great illustration of our our enduring and expanding partnership with NHS Scotland.”


Contacts:

For financial enquiries: Clare Lacey at Quayle Munro (clare.lacey@quaylemunro.com; telephone 0131 226 4421

For NHS enquiries: press.office@ggc.scot.nhs.uk; telephone 0141 201 4429


Notes to Editors:

1. The 60 bed extension builds upon the original PPP project signed in 2006 which created two new state-of-the-art hospitals, the New Victoria Hospital in south Glasgow and the New Stobhill Hospital in north Glasgow. The project forms the second phase of NHS Greater Glasgow & Clyde’s ambitious building programme resulting from its review of the provision of acute services. Each hospital will treat around 400,000 patients annually. 

2. Both facilities opened on time and on budget in 2009. They provide a wide range of specialist services including general day surgery, ENT surgery, gynaecology, urology, renal dialysis, plastic surgery, outpatient clinics, diagnostic services and therapy care. The 60 bed extension will comprise 12 short-stay surgical beds and 48 acute rehabilitation beds. It is expected to admit patients in 2011.

3. The project company initiated design development of the extension soon after building work started on the existing facilites. The existing facilities opened to general aclaim from both patients and staff. The new Stobhill Hospital has already won three prestigious design awards:

• Roses Design Awards 2009 – Best Public Building and Architecture Grand Prix (Best New Building Outside London)
• Building Better Healthcare Awards 2009 – Best Designed Hospital
• Glasgow Institute of Architects Awards 2009 – Best Healthcare Building

4. The existing facilities were funded by £199 million of senior debt and £19 million of funds from shareholders in the project company.

CAD drawing of the extension and photos of the now completed new building can be provided on request through Quayle Munro – Contact Joanne Gani (joanne.gani@quaylemunro.com; telephone 0131 240 2366)