GREENWICH NatWest this week launched a £64.64m securitisation to finance construction of a new acute care general hospital in Bishop Auckland, in the northeast of England. The issuer, Criterion Healthcare Ltd, has a contract from South Durham Health Care NHS Trust to design and build a new 321 bed hospital and refurbish some existing buildings, to replace an out of date hospital nearby. Criterion will then provide all non-clinical services to the hospital for a minimum of 30 and a maximum of 60 years.
May 28, 1999