Fengate is managing this investment on behalf of Fengate Infrastructure Yield Fund and its affiliated entities, including an investment by LiUNA’s Pension Fund of Central and Eastern Canada.EllisDon and PCL Construction (ED+PCL Healthcare Partners), with equity partners Fengate Asset Management (Fengate) and Plenary Americas, have reached Financial Close on The Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children – the largest hospital project in Canada’s history.
This milestone, achieved under a Development Phase Agreement (DPA) with Infrastructure Ontario (IO) and Trillium Health Partners (THP), is an important step toward the construction of a state-of-the-art hospital campus that will serve Mississauga and surrounding areas.
The development is vital for THP, which is already one of the largest community-based hospital systems in Canada - serving 1.7 million patients yearly - with demand expected to grow by nearly seven times more than the average hospital in Ontario over the next 20 years.
The Trillium M Project Consortium General Partnership, led by ED+PCL Healthcare Partners, was selected by IO and THP to design, build, finance, and maintain the new hospital. The consortium is comprised of:
- Proponent Lead, Developer and Financial Advisor: EllisDon Capital and PCL Investments
- Equity Providers: Fengate Asset Management, Plenary Americas, EllisDon Capital and PCL Investments
- Construction Prime Team Member: a joint venture featuring EllisDon and PCL Constructors Canada Inc. (ED+PCL Healthcare Partners)
- Facilities Management Prime Team Member: EllisDon Facilities Services
- Design Prime Team Members and Architects: Parkin Architects Ltd., Adamson Associates Architects and Jodoin Lamarre Pratte Architectes Inc.
- Structural Consultant: Stephenson Engineering Inc. and Read Jones Christoffersen Ltd.
- Mechanical Consultant: H.H. Angus & Associates Limited Consulting Engineers and Smith+Andersen
- Electrical and ICAT Systems Consultant: Mulvey & Banani International Inc. and Smith+Andersen.
At 22 storeys, the new 2.8 million square foot facility will replace the existing Mississauga Hospital and allow THP to service the evolving healthcare needs of the surrounding community. The space will feature:
- Ontario’s first women and children hospital
- Over 950 beds
- Modern hospital facilities and technology that reflect the latest standards in infection prevention and control
- Advanced diagnostic imaging facilities
- New pharmacy and clinical laboratory
- A new and expanded emergency department set to be one of the largest in Canada
- Two levels of underground parking (not counted in the 2.8 million square feet of hospital space).
With major preparatory work, including utilities and road realignment, completed on site during the DPA stage of the project, construction of the new hospital is set to commence in Summer 2025. It will transform the site ahead of the targeted April 2033 substantial completion date.
The consortium partners shared the following statements:
Joey Comeau, Chief Operating Officer and Executive Vice President, Capital at EllisDon:“The Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children is an important development in healthcare for one of Canada’s fastest growing communities. We believe this collaboration between ED+PCL Healthcare Partners, IO, and THP will create exceptional value for all stakeholders.”
Andrew Anderson, Senior Vice President & Area Manager, Toronto at EllisDon:“Financial Close marks a pivotal milestone in realizing The Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children. This achievement reflects the extraordinary efforts and dedication of all project partners. ED+PCL Healthcare Partners extends its congratulations and sincere appreciation to everyone who contributed to this remarkable accomplishment - their efforts have laid the foundation for a world-class healthcare facility that will serve the community for generations to come.”
Geoff Howe, Senior Vice President and District Manager at PCL Constructors Canada Inc.:“This milestone is an exciting step in Trillium Health Partners’ journey, reflecting the shared vision and collaboration among ED+PCL Healthcare Partners, IO, THP and our dedicated design and trade partners. Together, we are proud to build a better future in support of Trillium Health Partners’ mission of creating a new standard for patient care in Mississauga.”
George Theodoropoulos, Managing Partner, Fengate:“Fengate is honoured to partner with EllisDon, PCL, Plenary Americas and the entire consortium to realize the vision for the Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children. We look forward to working shoulder-to-shoulder with Infrastructure Ontario and Trillium Health Partners to bring Canada’s largest hospital to Mississauga.”
Brian Budden, President & CEO of Plenary Americas:“Plenary Americas is proud to join PCL, EllisDon and Fengate in delivering The Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children. We look forward to collaborating with Infrastructure Ontario and Trillium Health Partners on this ambitious and transformative health care project.”
Karli Farrow, President and CEO of Trillium Health Partners:“The Peter Gilgan Mississauga Hospital and the Shah Family Hospital for Women and Children will serve as state-of-the-art hubs for advanced, digitally connected care – seamlessly linked across the health system, from family doctors to home and long-term care – to put people at the centre. Through deep collaboration and shared purpose between THP, IO and ED+PCL Healthcare Partners, we are prioritizing the patient and provider experience while maximizing efficiency and cost effectiveness.”
For more information about The Peter Gilgan Mississauga Hospital and Shah Family Hospital for Women and Children:
February 02, 2026
