Carillion Selling P3s in Bankruptcy

Pieces of Canadian subsidiaries of Carillion plc, the British construction, services and infrastructure company that is now in liquidation, have been sold, including a number of P3 contracts.

EllisDon Corp., a major Canadian builder and P3 company, is buying 70% of the shares in four hospital maintenance P3s from Carillion Canada Holdings Inc. for an undisclosed price. It already owned 30%. EllisDon will become the sole service provider to the four Ontario hospitals, the Royal Ottawa Hospital, Oakville Trafalgar Memorial Hospital, William Osler Health System, and Sault Area Hospital. Contracts for three of the four total Cdn $25.9 million a year. EllisDon is also buying half the shares of the Healthcare Infrastructure Company of Canada (ROH) Inc. in which it already owns half.

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About Bill Reinhardt

Editor of Public Works Financing newsletter
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