Yesterday, 11 December 2019, the third of the facilities in the latest NHS Greater Glasgow and Clyde healthcare PPP reached financial close.
Unusually, the new facility (new Clydebank Health and Care Centre) is being added to an existing DBFM contract under a pre-agreed change procedure.
The first component of this healthcare project reached financial in December 2018 and procured two new facilities (the new Greenock Health Centre and Mental Health In-patient facilities at Stobhill Hospital). The private partner is hub West Scotland and the contract follows Scotland’s hub/DBFM “PPP-lite” template contract.
We supported the NHS in-house team and were responsible for a range a financial transaction support activities including assessing financial submissions from the private sector partner, confirming that returns, margins and fees are consistent with benchmarks and validating financial model optimisation throughout the procurement and at financial close.