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Innovative FLEX financing from MTX

By April 25, 2024Healthcare
Derriford Royal Eye Infirmary – External

New Royal Eye Infirmary at Plymouth Hospital sees key role for Innovative FLEX financing from MTX

The striking new Royal Eye Infirmary created offsite for Derriford Hospital in Plymouth by modern methods of construction specialist MTX is helping to meet the increasing demand for eye surgery and treatment from across Devon and Cornwall.

But rapid provision of the new facility was made possible only through the innovative FLEX managed services project package developed by MTX, and extraordinary collaboration between the contractor and University Hospitals Plymouth NHS Trust.

The off-site three-floor REI brings together outpatient and surgical eye treatments previously provided within the main hospital and is designed to enable operations on an additional 520 patients each month along with an additional 2,300 outpatient appointments.

Derriford Royal Eye Infirmary – Operating Theatre

The facility includes three operating theatres, an increased number of treatment rooms and an expanded area for young patients. Its offsite location on William Prance Road also improves access for patients with a drop-off zone and parking immediately outside the building.

One of the ground-floor operating theatres is dedicated to sub-specialisms, such as oculoplastic, orbital and corneal surgeries, to reduce waiting times of patients. The first floor was designed to accommodate consulting/examination and testing rooms, while the second floor has offices and plant areas for the medical IT and uninterruptible power supplies and air handling systems.

Critical success factors for the project included adapting the design of the new REI to the challenging sloping site location, dealing with a sub-basement void uncovered during site preparation, and achieving the required building specification and compliance to a tight timescale and a limited budget.

The FLEX 5-year managed services finance solution developed by MTX was a vital element in progressing the project by providing the flexible financial arrangements that enabled it to proceed. FLEX is a true no-capital and cash neutral solution which includes all project costs – from groundworks through to hard and soft facilities management.

An early start on the project guaranteed access to Government funding for the Trust and avoided increased costs due to inflation that would have been an inevitable outcome if the project had been delayed.

Completion of the project by summer 2023 represented an impressive achievement that demonstrates the value of open and collaborative working.