A CONSORTIUM has officially signed on to undertake the Frankston Hospital redevelopment.
After entering exclusive negotiations with the state government to deliver the project earlier this year, Exemplar Health has signed on the dotted line.
The hospital project, expected to cost $605 million, will include construction of a 12-storey clinical services tower. The redevelopment will result in 130 more beds and the capacity to treat 35,000 more patients each year.
An operating theatre suite with 15 new theatres will be built. The redevelopment will also make room for new mental health, oncology, women’s and children’s, drug and alcohol, and medical imaging services. The project will leave space for future expansion of the hospital.
The project is being delivered as a public-private partnership. The Exemplar Health consortium is made up of Capella Capital as sponsor and investor, Aware Super as an investor, Lendlease as the builder, and Honeywell and Compass Group as facilities and maintenance managers. Exemplar Health will design, build, finance, and deliver facilities and maintenance at the site for the next 25 years, while Peninsula Health will deliver all clinical healthcare services.
Victorian health minister Martin Foley said that the project will prove hugely beneficial to Frankston locals. “We are getting on with delivering the critical infrastructure needed to make sure the Frankston and Mornington Peninsula community can access the care they need close to home,” he said. “This is a game-changing project which will give the local community access to world-class facilities.”
Frankston MP Paul Edbrooke said that the redevelopment will “transform care for families in our community, cutting wait times and easing the pressure on other Melbourne hospitals.”
Construction is expected to be complete by 2025. The state government initially committed $562 million to the project when it was announced in 2018 (“Helping hand for hospital” The Times 12/9/18).