Hope Vale Medical City's anchor asset, the new 250-bed Smart Academic Hospital, requires a full complement of modern medical equipment to deliver specialist and tertiary healthcare services onshore in Grenada for the first time. This opportunity covers the financing and supply of the hospital's diagnostic imaging, surgical, critical care, laboratory and clinical equipment, together with associated maintenance, training and lifecycle replacement. The equipment programme is being defined alongside the hospital's space programme and schematic design, with input from the project's academic and clinical partners, Mount Sinai Health System and St. George's University. Financing may be structured as debt, export credit, leasing or a managed equipment service, with equipment delivery phased to align with the construction and handover of the hospital.
Project overview
Investment opportunity
Up to US$80 million of medical equipment financing is sought for the diagnostic, surgical and clinical assets required to equip the 250-bed Smart Academic Hospital at Hope Vale Medical City. The hospital will bring specialist and tertiary healthcare services onshore in Grenada, reducing reliance on costly overseas referrals. Investors can participate as lenders, lessors or technical partners supplying and financing equipment alongside development finance institutions.
Investment types sought
Project status
Development stage
Pre-feasibility
Current status / progress to date
Completed: space programme and clinical requirements defining the equipment scope. Ongoing: costed medical equipment master plan aligned to schematic design. Pending: appraisal of financing options (DFI and export credit debt, managed equipment service, leasing), procurement strategy, OEM tender and financing close. Delivery to be phased with building handover ahead of hospital opening in 2029.
Additional project information
- Lead agency
- Polaris Development Company Limited (PDCL), Government of Grenada
Expected impact
Jobs created / supported
Roles will be created for biomedical engineers, technicians, radiographers, laboratory scientists and clinical staff. Original equipment manufacturer (OEM) training and maintenance programmes will also support skills development and strengthen local technical capacity.
Economic & development benefits
- Enables Specialist And Tertiary Healthcare Services To Be Delivered In Grenada, Including Advanced Imaging And Surgery
- Reduces Costly Overseas Medical Referrals And Diagnostic Travel
- Supports Clinical Training, Research And Telemedicine Through Partnerships With Academic Institutions
- Provides Financing Structures That Spread Costs Over The Useful Life Of Equipment
Climate & resilience benefits
- Installed In A Hospital Designed To PAHO Safe Hospital Category A Standards
- Supports Lower Operating Energy Demand Through Energy-Efficient Equipment
- Strengthens Resilient Diagnostic And Critical Care Capacity During Extreme Weather Events
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.