Financial Close Reached on Major Hospital Redevelopment Project

EllisDon Infrastructure Healthcare to Deliver Phase 1- New Patient Care Tower Project at
Michael Garron Hospital

Mississauga, ON, February 6, 2018— Today, EllisDon Infrastructure Healthcare MGH Inc. reached financial close for Phase 1-New Patient Care Tower Project at Michael Garron Hospital (formerly Toronto East General Hospital) located in Toronto’s East end.Following a rigorous Request for Proposals process, EllisDon Infrastructure Healthcare MGH Inc. was awarded a fixed-rate contract by Infrastructure Ontario (IO) and Michael Garron Hospital (MGH) to design, build, and finance the hospital’s redevelopment. The project, valued at $411 million, will be delivered under IO's Alternative Financing and Procurement (AFP) model."This is a milestone project for Michael Garron Hospital and EllisDon Infrastructure Healthcare MGH Inc. is excited to help deliver the improved patient care to the Toronto East community through a modernized facility that will match the quality care and services provided by physicians and staff," said Joey Comeau, Sr. Vice-President, EllisDon Capital.The project will improve the delivery of efficient, accessible, and high-quality patient care, while replacing some of the hospital’s oldest spaces. This will also mark the hospital’s first major renewal since it first opened in 1929. The project will involve the construction of a new eight-story patient care tower and three-story connection, as well as demolition of some existing space and renovations to the existing hospital. In total, approximately 550,000 square feet of MGH will be redeveloped, as well as 100,000 square feet of existing hospital areas will undergo renovations.“This is a wonderful accomplishment achieved by the tremendous efforts, planning and hard work of our dedicated team of design and construction professionals,” said Andrew Anderson, Vice-President & Toronto Area Manager, EllisDon. “We look forward to the opportunity to transform our ideas into reality, and to proudly demonstrate the innovative and efficient approach that we will bring to this project.”The project is expected to achieve a Leadership in Energy and Environmental Design (LEED®) Silver certification for design excellence and sustainability.Construction will begin immediately and substantial completion is slated for September 2023.Read the full press release HERE