OHL sells its stake in the concessionary and operating company of the new Toledo Hospital for €76.1 million

OHL has signed a contract yesterday, November 23, for the sale of shares and assignment of receivables in relation to the sale of its stakes to a fund managed by DIF Capital Partners. Specifically, it has sold 33.34% of the share capital of Nuevo Hospital de Toledo S.A. and 100% of the share capital of Mantohledo S.A.U., which participate with a 33% stake in the joint venture operating said concession.

The initial sale price of the Transaction has been set at seventy-six million one hundred thirty thousand euros (€76,130,000.00), a price that will be increased by a variable amount of interest that will be calculated based on the closing date and the settlement of the transaction. The closing of the transaction is subject to certain customary conditions to this type of deals.

CHUT, the largest hospital in Europe

The new University Hospital of Toledo (CHUT, by its Spanish acronym) is considered the largest hospital complex in Europe. It will serve more than 434,000 inhabitants in 116 municipalities in the province of Toledo.

Newly inaugurated, it was built by a joint venture between OHL, Acciona and ACS. In addition, a 30-year concession period for non-clinical services was granted by the Castilla-La Mancha Health Service (Sescam), making the CHUT the most important hospital initiative in the history of Castilla-La Mancha. 

Defined as a high capacity hospital, CHUT has a built area of more than 245,000 m2, distributed in seven buildings organized around a central street that functions as a public space and connects the various hospital services. It houses 1,142 beds – of which 760 are for hospitalization and 382 for other uses -, 368 consultation rooms, 97 examination rooms, 120 outpatient posts, 42 emergency observation posts and 65 treatment posts and examination boxes.

OHL, nine decades of experience in the hospital sector

OHL has nine decades of experience in the field of hospital construction, translated into more than 150 new hospitals -equivalent to 6 million m2, approximately, and more than 60,000 beds-, close to 100 health centers and more than 200 renovation and rehabilitation activities.

The activity, initiated in Spain, extends to countries such as the US, Chile and the Czech Republic, Portugal, Mexico, Argentina, Ecuador, Uruguay, the Antilles and Ireland. The most recent projects, undertaken by the company, include the University Hospital of Burgos, developed under public-private partnership (Spain); the CHUM (Centre Hospitalier de l’Université de Montréal) in Canada; the National Forensic Mental Health Hospital (NFMHS) in Portrane, north of Dublin (Ireland); the Curicó Hospital (Chile), the Albacete Hospital and the new general internal medicine and geriatrics building at the Olomuc University Hospital, the sixth largest hospital in the Czech Republic.

DIF, benchmark in fund management

DIF Capital Partners is a leading global independent infrastructure fund manager, with €8.5 billion of assets under management across nine closed-end infrastructure funds and several co-investment vehicles. DIF Capital Partners invests in greenfield and operational infrastructure assets located primarily in Europe, the Americas and Australasia through two complementary strategies:

• DIF Infrastructure funds target equity investments in projects with long-term contracted or regulated income streams including public-private partnerships (PPP/PFI/P3) concessions, utilities, and (renewable) energy projects.

• DIF CIF funds target equity investments in small to mid-sized economic infrastructure assets in the telecom, energy and transportation sectors.

DIF Capital Partners has a team of over 150 professionals, based in nine offices located in Amsterdam (Schiphol), Frankfurt, London, Luxembourg, Madrid, Paris, Santiago, Sydney and Toronto.

Nuevo Hospital de Toledo. Spain.