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Fiona Stanley Hospital was created thanks to lateral thinking, Serco and the WA Government.

3 February 2014

See how the Fiona Stanley Hospital was created thanks to lateral thinking, Serco and the WA Government. 

The $2 billion Fiona Stanley Hospital in Perth is one of the country’s biggest state developments ever. In an Australian-first, the State Government invited external suppliers like Serco to bid on a 10-year contract, before Serco partnered with us.

Achieving Serco’s vision of giving the people of WA the best facilities, at the best value, required expertise and lateral thinking. In another Australian-first, our funding model included a $560 million Master Lease Facility that enabled Serco to procure, lease and manage the Hospital’s clinical and operating assets on behalf of the Government.

“Of all the asset financing solutions we reviewed, CommBank offered the most flexible, economical and innovative model… Together, we came up with a financing structure that provided flexibility for all parties in an economically and financially efficient manner.”

Mark Irwin
CEO, Serco Asia Pacific