DIF Capital Partners sells its stake in Royal Jubilee Hospital
DIF Capital Partners (DIF) announced the sale of its 50% stake in Royal Jubilee Hospital to its co-shareholder Innisfree via its DIF Infrastructure III Fund (DIF III).
Royal Jubilee Hospital is a PPP hospital located in Victoria, Canada and was DIF’s first PPP investment in North America. The project consists of the design, construction, financing, maintenance, and operations of the hospital for 30 years from construction completion which was in December 2010. The facility includes 500 beds and provides inpatient services to medical/surgical patients and patients suffering from mental health and addiction issues.
DIF was advised by DLA Piper LLP.
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