Stockport Community Hospital Celebrates Handover of Expiring PFI Contract

• Content
• News
• Stockport Community Hospital Celebrates Handover of Expiring PFI Contract

08 October 2024

A specialist mental health facility in Stockport is preparing to complete its 25-year Private Finance Initiative contract.

This is believed to be the first successful handover of an expiring Healthcare PFI project in England. Currently, there are over 700 Private Finance Initiative (PFI) contracts in the UK, and most will start to expire in 2025. In most cases, this will involve the asset being returned to the public sector.

The Meadows was a project led by Walker Healthcare in partnership with Stockport NHS Foundation Trust and Pennine Care NHS Foundation Trust. Walker Healthcare, a division of the independent Scottish-based company James Walker Leith Ltd, carried out the redevelopment of The Meadows and manages a portfolio of care homes and hospitals across the UK. 

The facility at The Meadows spans approximately 4,500 square meters, providing specialist assessments, treatment, support and care services for older adults and their families

Karen James OBE, Chief Executive of Stockport NHS Foundation Trust, said: "The success of The Meadows demonstrates how private and public sectors can work together effectively to provide essential health services to local communities.

“Over the past 25 years, we have seen the benefits of this partnership in the delivery of compassionate, high-quality care for some of our most vulnerable patients. It is a fantastic example of what can be achieved when we collaborate closely with experienced partners like Walker Healthcare."

Jim McCallum, Director of Walker Healthcare, added: "Walker Healthcare has been a committed partner throughout the lifecycle of this project, from overseeing its design and build through to ensuring the building and its facilities management were maintained to the highest standards.

“This handover marks a significant moment, not just for Walker Healthcare, but as a case study for future public and private sector partnerships. It demonstrates how a private provider can support the NHS in delivering essential care and services through a collaborative, long-term approach."

Picture: Pennine Care NHFT Chief Executive Anthony Hassall cuts the ribbon during the handover of the Meadows, with Stockport NHSFT Chief Executive Karen James OBE, Walker Healthcare Director Jim McCallum, and staff from both NHS Trusts. Image Credit: Walker Healthcare

Article written by Ella Tansley | Published 08 October 2024

Share

Related Articles