Prime completes purchase of full shares in Interserve Prime JV

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Prime plc has announced the completion of a deal to purchase full shares in the joint venture company Interserve Prime from Interserve. Going forward the company will be known as Prime Partnering Solutions Ltd.

Prime works across the health and care system and has more recently become a leading partner for the acute sector, delivering projects through Strategic Estates Partnerships (SEPs) for four years. SEPs are 50-50 joint venture companies operated between the public and private sector.

SEPs can deliver a broad range of projects and services to public sector clients, from developing new clinical and commercial real estate through to facilities management and consultancy services. SEPs are quick and cost effective to procure and allow for a range of commercial contract structures, either investing public or private capital solely, or blending both to create the best financial fit for the client.

The acquisition will have no impact on Prime Partnering Solutions' ongoing projects other than to offer increased efficiency and the convenience of a single point of contact to clients and suppliers. Interserve remains a key supply chain partner to Prime and the two companies continue to enjoy a good working relationship.

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