The Premium Care and VIP Services Facility is a dedicated private-pay component of the new 250-bed Smart Academic Hospital at Hope Vale Medical City, Grenada's flagship healthcare programme under Project Polaris. It will provide premium inpatient accommodation, executive health and specialist services for private-pay patients, medical tourists, the Grenadian diaspora and insured clients from across the Eastern Caribbean who currently travel abroad for this level of care. Located within the anchor hospital, the facility will benefit from its clinical platform, climate-resilient infrastructure and academic partnerships with Mount Sinai Health System and St. George's University. The facility is planned as a public-private partnership, under which a private partner will invest in, fit out and operate the facility, generating revenue that supports the long-term sustainability of the wider hospital.
Project overview
Investment opportunity
Approximately US$40 million of PPP equity is sought to develop and operate a Premium Care and VIP Services Facility within Hope Vale Medical City, alongside the new 250-bed Smart Academic Hospital. The facility will serve private-pay patients, medical tourists and regional clients seeking premium specialist care, drawing on the clinical and academic platform of the anchor hospital and its partners, Mount Sinai Health System and St. George's University. Investors can participate as equity partners and operators through a public-private partnership with the Government of Grenada.
Investment types sought
Project status
Development stage
Pre-feasibility
Current status / progress to date
Completed: Business plan and space programme identifying a Premium Care and VIP Services Facility within the hospital. Ongoing: Integration of the facility into the schematic design ahead of design-build contract award. Pending: Demand and pricing study, PPP structure and fiscal risk assessment, outline business case, Cabinet approval, and investor and operator procurement. Opening is targeted to coincide with completion of the hospital in 2029.
Additional project information
- Lead agency
- Polaris Development Company Limited (PDCL), Government of Grenada
Expected impact
Jobs created / supported
Construction and fit-out employment will be generated during the development phase, followed by permanent roles in specialist clinical care, nursing, guest and patient services, administration and facilities management. The facility will also benefit from the hospital's clinical training pathways, supporting the development of a skilled healthcare workforce in Grenada.
Economic & development benefits
- Retains Private-Pay And Insured Patients Who Currently Seek Premium Care Overseas
- Generates Revenue That Supports The Financial Sustainability Of The Public Hospital
- Anchors Grenada's Medical Tourism Offering For Regional And Diaspora Clients
- Mobilises Private Capital And Operational Expertise Through A PPP, Easing Pressure On Public Finances
Climate & resilience benefits
- Located Within A Hospital Designed To PAHO Safe Hospital Category A Standards
- Benefits From The Medical City's Solar Generation And Islandable Microgrid Infrastructure
- Maintains Continuity Of Premium And Specialist Healthcare Services During Extreme Weather Events
Contact
Contact team
For more information about this project, please contact the Commonwealth Investment Platform team.