Company News
News articles and copies of our latest press releases are posted on a regular basis.
Latest News
Latin American PPP Deal of the Year 2008
Turks & Caicos Hospital: Clinical elation
Combining clinical and infrastructure provision on health PPP deals has been difficult for the project finance market, or concession awarders, to stomach. The UK's Independent Sector Treatment Centre (ISTC) and Portugal's Clinico template have both had troubled births. The Turks & Caicos Island, virgin territory for PPP, may have come up with a neat - and replicable - solution.
The Turks & Caicos Islands (TCI), a British Overseas Territory with strong cultural links to Canada, currently possesses two 40-year-old hospitals and sends large numbers of its citizens overseas for medical treatment. Since the majority of them end up in the US healthcare system, the cost of these treatments has risen astronomically. During the period 2006-7 its estimated expenditure on overseas treatment reached roughly $50 million.
The Islands' government looked to replace the two aging hospitals with new facilities capable of offering primary and secondary care, and sought advice from...
Newsletter
Since publication of the April edition of this Newsletter, the company has participated in two major Commonwealth health related events:
- We were invited by the Commonwealth Business Council to attend the Commonwealth Health Ministers' Meeting in Geneva in May - an annual event which immediately precedes the meeting of the World Health Organisation. The theme of the Meeting this year was the effect of global warming on healthcare provision. There was also an extra presentation by a representative of the WHO on the current Swine fever epidemic which is continuing to spread widely; and
- In June, a number of senior executives from several of the group's offices, travelled to Barbados for a Ministerial Summit titled "Strengthening Healthcare Delivery in the Caribbean: The Role of Infrastructure, eHealth and Clinical Management" which had been arranged by the CBC in conjunction with the company and which was supported by Caricom and PAHO. Many of the Working Groups were chaired and/or addressed by experts from within the company, including Roger Cheesman, the newly appointed CEO of our clinical operations here in the TCI and others closely associated with the development of the TCI Hospitals and their future operation. The audience included Ministers, Senior Officials, their Advisors and healthcare professionals from almost all of the Caribbean countries. Case Studies which were examined included the TCI Hospitals project - presented by the Hon. Royal Robinson Deputy Premier of the TCI - and examples from the United Kingdom of the way in which the company is working with the Department of Health to improve the delivery of treatments to National Health Service patients.
As signs of the continuing trust put in us by our clients:
- The company's Award winning operation and management of the Rashid Hospital's Trauma Centre in Dubai (in terms of volume, one of the busiest Trauma Centres in the World), has been recognised and that contract has been renewed; and
- In England, the company's successful operation of Treatment Centres for NHS patients has led the Primary Care Trusts with whom we deal there to express a wish for the continuance of service and discussions have been opened regarding terms for new contracts.
Elsewhere, we continue our policy of pursuing carefully selected projects where we can bring our experience to assist governments in the development and implementation of their healthcare policies. Discussions with two other countries from the Caribbean region are now in progress and contract negotiations are underway in two Eastern European states.
Finally, we have been invited by Caricom to participate in policy making discussions which it will be opening in the Autumn.