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Quinte Health Care Project reaches financial close

Date Closed

February 28, 2007

Lead Office



72.20 Million CAD

On February 28, 2007, the Quinte Healthcare Corporation reached financial close with M. Sullivan & Son Limited, their lenders, The Manufacturers Life Insurance Company (Manulife) and Industrial Alliance Insurance and Financial Services Inc. and the lenders’ agent, Stonebridge Financial Corporation, for the construction and financing of the Quinte Health Care Bellville General hospital’s expansion and renovation project.  The value of the contract is C$72.2 million.

This project was the first Build Finance project to close under Infrastructure Ontario’s new Alternative Financing and Procurement model and part of the Ontario government’s five year, C$30 billion plus public infrastructure investment plan.

McCarthy Tétrault LLP advised Infrastructure Ontario and Quinte Health with a team led by Gordon Willcocks.