On October 21, 2016, Infrastructure Ontario (IO) and Mackenzie Health (MH) announced that financial close was reached on the new Mackenzie Vaughan Hospital in Ontario’s York Region. In August 2016, Plenary Health was awarded the fixed-price contract to design, build, finance and maintain the new hospital.
The contract is valued at approximately $1.3 billion (reflecting the payments made during construction, the substantial completion payment and the monthly service payments before inflation adjustments).
Davies Ward Phillips & Vineberg LLP was counsel to Plenary Health Vaughan LP with a team consisting of Bob Bauer, Steve Martin, Will Buchner, Anthony Spadaro, Emily Uza, and Natasha Lombardi. Lawson Lundell LLP acted as British Columbia and Alberta Counsel to Plenary Health Vaughan LP with a team that included Michael Macaulay, Crispin Arthur, Jyotika Reddy, Gillian Muirhead and Gary Rose.
Fasken Martineau DuMoulin LLP provided counsel to the construction period Lenders (The Toronto-Dominion Bank and Alberta Treasury Branches) as well as the long term institutional bondholders (bonds underwritten by Toronto Dominion Securities Inc.), with a team consisting of Brian Kelsall, Ella Plotkin, Sean Morley, Marc Lefler, Alex Nikolic (bonds), Jon Holmstrom (hedging) and Aine O’Connor.
Reynolds Mirth Richards & Farmer LLP was counsel to PCL with a team consisting of Donald Lucky, Mark Hildebrand and Tamara Korassa.
Torys LLP was counsel to Johnson Controls Canada with a team consisting of Tara Mackay, Josh Van Deurzen and Min Kim. Johnson Controls, Inc. was advised by Christine Rittberg of Foley & Lardner LLP.Norton Rose Fulbright Canada LLP was counsel to Compugen Inc. with a team consisting of Roger Watkiss, Mike Moher and Peter Newell.