Report: Healthcare P3s faring well
Recent report trumpets robust performance for Canadian healthcare public-private partnerships.
According to the most recent report by S&P Global Rating, Canadian healthcare public-private partnerships (P3s) have experienced “robust” recent performance.
Historically, P3s have played a vital role in helping create infrastructure in the Canadian health care sector, with investments in 49 projects totaling $19.24 billion. The report suggests that the risk-transfer mechanisms in place here have generally done as expected.
The main factors for deductions in these types of projects, the report states, are operational challenges like elevator failures, temperature and humidity control and construction deficiencies.
With larger hospitals that provide public critical/acute care services, higher operational risks are at play compared to smaller facilities or those that only provide primary or secondary care.