Financial close for NHS Orkney hospital

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Financial close for NHS Orkney hospital

Robertson Group has announced it has reached financial close with NHS Orkney to deliver a major investment in Island-based healthcare services located in Kirkwall, Orkney (UK).

The project will see the development of a £64 million (US$80 million) New Hospital and Healthcare Facilities for NHS Orkney to replace the existing Balfour Hospital in Kirkwall. Procured under a Non Profit Distributing (NPD) funding model and due for completion in Spring 2019, the new facilities will deliver a Rural General Hospital providing a range of accessible healthcare services from one location increasing Island resilience and creating additional capacity to support repatriation and service developments.

Working with a Scottish Government long term project finance solution, Robertson will be responsible for providing investment funding, entering into a 25-year partnership with NHS Orkney and delivering the Design & Build and Facilities Management contracts.

The project will provide a total of 49 en-suite bedrooms for inpatient, assessment, maternity and mental health needs. Clinical accommodation includes emergency, theatres, endoscopy, day surgery, cancer and palliative care, radiology, dental, ambulance, renal, mortuary, pharmacy and outpatients. In total, some 14,500m2 of accommodation is being provided which blends strong clinical relationships arranged and wrapped around a single fluid public space.

Robertson's adviser team comprised Pinsent Masons (Legal); Johnston Carmichael (Financial); Arthur J. Gallagher (Insurance); and Johnston Houston (Diligence).

Cathie Cowan, Chief Executive, NHS Orkney, said:

"I am delighted that we have reached financial close. The new facility is part of NHS Orkney's wider ambitious healthcare investment programme. She added 'I am looking forward to working in partnership with Robertson to deliver the biggest single site capital project in Orkney. During the course of the contract Robertson has committed to delivering a range of local community benefits and we look forward to monitoring the long-term impact of this substantial investment for Orcadians."

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