Frankston Hospital to be redeveloped

10 May 2022 By Lauren Croft
Frankston Hospital

A new project proposed by Exemplar Health will mean that the Frankston Hospital will receive a variety of new facilities, including an additional hospital town and enhanced mental health services.

Firm: Allens (Exemplar Health Consortium).

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Deal: Allens has advised the financier group to the Exemplar Health Consortium, led by Capella Capital, on the financial close of a public-private partnership to deliver the Frankston Hospital redevelopment.

Value: Undisclosed

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Area: Projects and infrastructure

Key players: The Allens legal team was led by partner and head of project finance Michael Ryan, assisted by Lisa Zhou, Steven Faulkner, Sunny Jong, Sally Page and Lisa Wang. Projects and development partner Paul Telford also advised on the transaction, with Amy Byrne, Amy Ryan, Mai Mitsumori-Miller, JuWay Pak, Maeva Geyer Carles and Cara Kenny.

Deal significance: The project proposes to add a new hospital tower, an additional 120 beds, new operating theatres, enhanced emergency department beds, expanded women’s and children’s health services, enhanced oncology services and mental health services.

Commenting on the deal, Mr Ryan said: “Following on from the delivery of the Footscray Hospital redevelopment last year, the transaction provides further proof as to how the PPP model can spur significant private sector investment and innovation to deliver another new world class health facility for Victoria which is so vital for the state as it navigates through the next phase of the COVID-19 pandemic.

“We are proud to have advised the lenders and worked alongside the sponsors on a project that will bring significant benefit to the local Frankston and Mornington Peninsula community and Victoria generally. Congratulations to the lenders and sponsors on achieving completion.”

Frankston Hospital to be redeveloped
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