DLA Piper (Canada) LLP acted on behalf of DIF Infra 3 Canada Ltd. in connection with its sale to Innisfree of DIF Infra 3 Canada Ltd’s interest in ISL Health (Victoria) General Partnership (“ISL Health”), effective March 30, 2020. ISL Health is the project entity responsible for the design, construction, finance, operation and maintenance of the Royal Jubilee Hospital Patient Care Centre in Victoria, B.C.
The Royal Jubilee Hospital Patient Care Centre is a 500-bed, 37,000-square-metre facility that provides inpatient services to medical/surgical patients and patients suffering with mental health and addiction issues. Construction of the Patient Care Centre was completed in December 2010. ISL Health receives annual service payments from Vancouver Island Health Authority for facility management on a 30-year term.
DLA Piper Canada was pleased to assist in completing this important transaction within the health care infrastructure sector notwithstanding the current situation arising from the COVID-19 pandemic. The DLA Piper transaction team was led by Andrew Burton (Projects and Infrastructure/Corporate) and included Alex Sibley (Projects and Infrastructure/Corporate), Catherine Pawluch (Regulatory), and Meghan Bellstedt (Articling Student).