Interserve, the FTSE 250-listed support services and construction group, is to provide facilities management services worth 50m pounds in the new Alder Hey Children's Hospital to be created in Liverpool.
Its consortium with John Laing and Laing O'Rourke reached financial close on the private finance initiate (PFI) contract from Alder Hey Children's NHS Foundation Trust and Interserve will provide 20% of the consortium's investment in the project.
Laing O'Rourke Construction will design and build the new hospital and Interserve will maintain the hospital infrastructure.
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The new hospital will be built next door to the current site and will have 270 beds, including 48 critical-care beds for patients in the intensive-care, high-dependency and burns units. There will also be 16 operating theatres, comprising four for day-case surgery and 12 for inpatients.
The official opening of the new hospital is planned for Autumn 2015.
Adrian Ringrose, Interserve's Chief Executive Officer, said: "We welcome this opportunity to help Alder Hey realise its ambition of creating what will be one of the finest children's hospitals in the country."
Interserve's share price was up 1.14% to 496.70p at 10:06 on Friday.
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