Sacyr sells 30% stake in Antofagasta hospital to Dominion

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Sacyr sells 30% stake in Antofagasta hospital to Dominion

Sacyr, through its subsidiary Sacyr Concesiones, and Dominion, through its parent company Global Dominion Access, have reached a deal to jointly undertake the Chilean Antofagasta Hospital concession.

As a result, Dominion has acquired 30% of the concession company from Sacyr, while Sacyr will hold a 70% stake. The transaction amounts to P5.566 billion (US$9 million) and Dominion will take on the proportional part of the concession company's guarantees.

The Antofagasta Hospital project includes the design, construction, provision of the medical equipment, clinical and non-clinical furniture, industrial equipment and the infrastructure's furniture, the technological infrastructure service (SIT), the information and communications system (SIC) and the operation of the basic, mandatory special and supplementary services for 15 years. All the clinical services will be managed by the Antofagasta Health Service, which is responsible for running the hospital.

The total project investment is estimated at US$250 million. The construction works are in progress and are expected to be completed at the end of 2016.

It will be the biggest hospital in Chile, with an area of 122,000 m2, and will serve 350,000 people: 671 beds, an auditorium, a heliport, 45 examination rooms, 24 emergency rooms, 16 dental care rooms and 18 surgical wards with high complexity. It will have the latest technology in terms of construction and equipment (medical, computer system, etc.).

Over the last six years, Sacyr has delivered 18 hospitals with an investment of over 1.81 billion dollars and 1.38 million square meters of hospital construction in Spain, Portugal and Angola. Among the delivered hospitals, six (not counting Antofagasta) are managed by Sacyr under concession and involving various contract models, none fewer than 30 years, which is a measure of the company's expertise as well as its technical and human capacity.

In the last few years, Dominion has equipped seven hospitals in Chile, Argentina and Honduras, being responsible for both their medical and clinical equipment and their technological infrastructure (ICT). It has also provided software solutions to different hospital areas such as pharmacy, dietetics and nutrition, where it is a nationwide and international leader.

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