News
NHS Operating Lease Panel
Date:
18/05/2010
- Category:
Medical
Summit has joined the panel of Operating Lease funders utilised by the UK National Health Service
Thornbury Gamma Knife Centre
Date:
09/01/2009
- Category:
Medical
Summit Asset Management has completed on a £2.4m facility for a Gamma Knife at the BMI Thornbury hospital in Sheffield.
Phase 2 Independent Sector Treatment Centre completes financial close.
Date:
16/12/2008
- Category:
Medical
Summit has completed financial close on a £34m project for Avon, Gloucestershire and Wiltshire ISTC in South West England
Open MRI financing completed by Summit
Date:
30/06/2006
- Category:
Medical
Summit enters into a £1.2m MRI managed service arrangement for an upright MRI.
Phase 2 Independent Sector Treatment Centre completes financial close.
16/12/2008
Summit Asset Management Limited ("SAM") in conjunction with its subsidiary Medical Equipment Solutions Limited ("MESL"), recently completed financial close on a £34 million funding facility for the Avon, Gloucestershire & Wiltshire Independent Sector Treatment Centre. Situated on multiple sites within the south-western region, the facility will have capacity to carry out up to 20,000 clinical procedures every year, providing significantly increased medical capacity within the South West region of the England.
The Avon, Gloucestershire & Wiltshire ISTC is one of seven "phase 2" contracts to be awarded so far by the Department of Health. They are designed to bring new working practices into the NHS whilst cutting patient waiting lists considerably.
The contract was awarded to the UK Specialist Hospitals group, with whom SAM has worked previously.
Summit structured the transaction as a lease, the second time such a structure had been used for what started out as a conventional Public Private Partnership (‘PPP’) contract.
KBC Bank NV is providing the head funding for the project.