Connor, Clark & Lunn (CC&L) Infrastructure has acquired the remaining 50 percent interest in the North Island Hospitals Project from Balfour Beatty Investments, increasing the company’s interest in the project to 100 percent.
The project delivers 95 beds in Campbell River and up to 153 beds in the Comox Valley, comprising more than 72,000 square meters (775,001 square feet) of space. It represents the largest transformational change in healthcare in the region in decades, according to CC&L.
CC&L Infrastructure first invested in the C$606.2 million ($456 million) project in 2014 as part of a consortium, which was selected to design, build, finance and maintain two new hospitals. Construction was completed in 2017.
The project serves the Comox Valley and Campbell River communities on North Vancouver Island in Canada, offering state-of-the-art LEED-gold-certified acute care facilities.
To date, the two hospitals have admitted more than 2,000 patients (including more than 600 surgical admissions), and they have served approximately 35,000 outpatients.
CC&L Infrastructure, the infrastructure arm of multi-boutique asset management firm Clark & Lunn Financial Group, invests in middle-market infrastructure and infrastructure-like assets. The parent firm manages an aggregate $77 billion in assets through its affiliates.
