DLA Piper (Canada) LLP acted for DIF Infra 3 Canada in sale to Innisfree

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).