The Groves Memorial Community Hospital development project reaches financial close

On June 15, 2017, Groves Memorial Community Hospital (GMCH), as represented by Ontario Infrastructure and Lands Corporation (IO) reached financial close with EllisDon Infrastructure GMCH Inc. (Project Co) to design, build and finance the new Groves Memorial Community Hospital development project located in Centre Wellington, Ont.

The contract is valued at $127.5 million, which will cover the cost of design, construction and project financing.

The new hospital will be built in Aboyne, Ont., between Elora and Fergus, and will replace the existing community hospital in Fergus, Ont.

The project focuses on the services most urgently needed by the Centre Wellington community. This brand new rural hospital development will integrate into the Grand River trail network and the natural surroundings, and is expected to achieve a Leadership in Energy and Environmental Design (LEED) Silver certification for design excellence and sustainability.

GMHC was represented by Cassels Brock & Blackwell LLP with a legal team that included Colin Ground and Michael Alvaro. IO legal counsel Hena Sial, Pina Di Biase and Nicholas Shkordoff also assisted GMCH with this transaction.

Project Co was represented by Blake, Cassels & Graydon LLP with a legal team that included Vivian Kung, Joe Zed and David Mender and an in-house legal team including Ken Bursey and Jessica Ho-Wo Cheong.

The lenders were represented by McMillan LLP with a legal team that included Julie Han, Don Waters, Peter Willis, Shaheen Karolia and Michael Burns.