The government of Malta selected in June 2015 Vitals Global Healthcare as the preferred bidder for the upgrade of three hospitals through a concession.
The concession includes the redevelopment, maintenance, management and operation of three hospitals on the island, namely St Luke's Hosptial, Karin Grech Rehabilitation Hospital and Gozo General Hospital. Specifically, the project involves the following:
The total project investment is estimated at €200 million (US$226.8 million). DWPF is providing financial advice and financial modelling support to Vitals Global Healthcare on the project.
Financial closure is expected to be achieved by the first quarter of the next year.