OMERS sells hospital and long-term care facility portfolio to Plenary
OMERS Infrastructure announced that it has signed an agreement to sell a portfolio of Ontario-based hospitals and long-term care facilities to Plenary Group.
The portfolio, comprising of investments into three hospitals and twelve long-term care facilities (LTCs), was constructed by OMERS Infrastructure through separate greenfield development processes between 2000 and 2009.
The financial close of the transaction is expected in Q4 2019 or Q1 2020.
Country updates
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November 19, 2019
Digital Colony Partners acquired Beanfield Technologies Inc.
Digital colony announced Digital Colony Partners' acquisition of Beanfield Technologies Inc. (Beanfield), an independent bandwidth infrastructure provider in Canada serving the enterpri...
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November 18, 2019
US$1.9bn LRT project to be retendered in Canada
The City of Edmonton in Alberta, Canada is launching a new procurement process for the Valley Line West LRT project. The retendering process is initiated after two of three bidders have withdrawn thei...
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November 15, 2019
Ontario seeks consultant for hospital PPP project
Infrastructure Ontario (IO) has launched a request for proposals (RFP) for consultants to work on a new hospital project that will be developed under the Public-Private Partnership (PPP) scheme....
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November 15, 2019
VINCI opens bypass P3 in Regina
VINCI has officially opened the bypass P3 project around Regina, the capital of the Province of Saskatchewan in Canada. The Regina Bypass comprises 61 km of road, of which 37 km newly buil...
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November 11, 2019
Two community health centers in Cape Breton will not be implemented as a PPP
The project for the construction of the new community health centers and new long-term care facilities in North Sydney and New Waterford in Cape Breton, Nova Scotia will not be implemented on PPP mode...
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