Morgan Sindall PLC
02 July 2007
Morgan Sindall plc
Morgan Sindall JV awarded Bury, Tameside & Glossop NHS LIFT
Construction and urban regeneration group Morgan Sindall plc as part of
Community Solutions for Primary Care (CSPC), a joint venture between Morgan
Sindall Investments and Barclays European Infrastructure Fund, has achieved
financial close on the Bury, Tameside & Glossop NHS LIFT (Local Improvement
Finance Trust) project to build and develop a network of community health and
social care facilities over the next 20 years. The new purpose-built centres for
the Bury, Tameside and Glossop areas, are part of a new wave of 'super
surgeries' opening up for NHS patients across the country under NHS LIFT public
private partnerships.
Together with Bury Primary Care Trust, Tameside & Glossop Primary Care Trust and
Partnerships for Health, CSPC has formed a public private partnership company
called Bury, Tameside & Glossop Community Solutions Limited (BTGCS). BTGCS has
signed a 20-year strategic partnering agreement to build and maintain a network
of new health and social care premises in the Bury, Tameside & Glossop areas.
Bluestone, Morgan Sindall's construction business, will design and build the
first wave of two facilities in Ashton and Radcliffe with construction due to
start immediately and will sign a framework agreement for future centres which
is expected to be worth approximately £65 million over an initial five-year
period.
CSPC currently has similar long-term partnering agreements with four NHS LIFT
projects in Barnsley, Doncaster, South East Hampshire and Camden and Islington
where Bluestone is also the construction partner.
Paul Smith, Morgan Sindall's Group Chief Executive said:
'The award of this framework - our fifth NHS LIFT scheme so far - not only
strengthens our position as a leading player in the delivery of these new super
surgeries, but also demonstrates our commitment to growing our business in the
UK's health sector.'
2 July 2007
Enquiries:
Morgan Sindall plc Tel: 020 7307 9200
Paul Smith, Chief Executive
David Mulligan, Finance Director
College Hill Tel: 020 7457 2020
Matthew Smallwood
NOTES TO EDITORS
Morgan Sindall plc, the construction and urban regeneration group, has four
specialist divisions of fit-out, construction, infrastructure services and
affordable housing.
This information is provided by RNS
The company news service from the London Stock Exchange