Pension funds to finance hospital8th August 2012
Two pension funds have offered to finance a foundation trust’s new hospital in the North-East of England.
North Tees and Hartlepool Foundation Trust has confirmed that it has had two separate offers from funds interested in financing its new £298m hospital in what may be the first time such a source of finance has been used at scale in the health sector. It is understood that the funds had offered to put up the money without a “deed of safeguard” from the government guaranteeing it would underwrite the loan.
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Title: Pension funds to finance hospital
Author: Mark Nicholls
Article Id: 22487
Date Added: 8th Aug 2012