Morgan Sindall PLC
10 February 2005
MORGAN SINDALL PLC
Morgan Sindall JV awarded South East Hampshire NHS LIFT
Morgan Sindall Plc is pleased to announce that as part of Community Solutions
for Primary Care (CSPC), a joint venture between Morgan Sindall plc, Apollo
Medical Partners and Barclays European Infrastructure Fund, it has signed a
20-year partnering agreement with East Hampshire Primary Care Trust and Fareham
& Gosport Primary Care Trust to provide primary health and social care
facilities in South East Hampshire, under a pioneering NHS Local Improvement
Finance Trust (LIFT) agreement.
Morgan Sindall's construction business, Bluestone, is the design and construct
framework partner and under the LIFT agreement is expected to carry out
construction works totalling some £75 million over the next five years.
Initial contracts with a value of £6 million, for completion within the next 12
months, have been signed for the development of Rowner Health Centre in Gosport
and Oak Park Children's Services Centre in Havant.
Paul Smith, Chief Executive, commented:
'I am delighted that we have now closed our third LIFT contract and further
strengthened Bluestone's position as a leading contractor in the health sector'
10 February 2005
ENQUIRIES:
Morgan Sindall plc Tel: 020 7307 9200
Paul Smith, Chief Executive
College Hill Tel: 020 7457 2020
Matthew Gregorowski
Notes to Editors:
LIFT is a major new initiative for the Department of Health. The Department and
Partnerships UK has formed a national joint venture company - Partnerships for
Health to develop and encourage a new market for investment in primary care and
community based facilities.
Bluestone is a member of construction brands group Morgan Sindall plc, which
operates a national network of fit-out, construction, affordable housing and
infrastructure services divisions.
Through a network of local offices in England and Wales, Bluestone provides
consistent high quality construction services to private and public sector
clients. The company's sector expertise is in education, health, industry,
commercial retail and residential construction where it undertakes new build,
refurbishment and maintenance projects under a variety of procurement routes.
This information is provided by RNS
The company news service from the London Stock Exchange
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