Henry Ford Health Recognized for PPP Deal of the Year in North America
Deal News | Mar 24, 2025 | Orrick
The Henry Ford Health System Central Energy Hub Project was awarded PPP Deal of the Year, North America, at the 2024 IJGlobal Awards in New York. The project, recognized for its excellence in greenfield and refinancing within the energy and infrastructure sectors, provides electric heating and cooling to new hospital buildings using an advanced energy-as-a-service model. Orrick, a law firm, played a crucial advisory role, providing counsel to underwriters and special tax advice. The project features innovative financing through not-for-profit tax-exempt means and was led by Orrick's Matthew Neuringer, with significant contributions from a team experienced in public finance and energy and infrastructure dealings.
Sectors
- Energy
- Infrastructure
- Healthcare
- Public Finance
Geography
- North America – The article discusses a project located in North America which was awarded the PPP Deal of the Year.
Industry
- Energy – The Central Energy Hub Project focuses on providing electric heating and cooling, placing it within the energy sector.
- Infrastructure – The project involves infrastructure development for hospital buildings, indicating its relevance to the infrastructure industry.
- Healthcare – The project's application within the Henry Ford Health System connects it to the healthcare industry.
- Public Finance – Utilizes not-for-profit tax-exempt financing, a key element of public finance.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Henry Ford Health System | Target | Company | The healthcare organization that implemented the Central Energy Hub Project. |
| Orrick | Advisor | Company | Provided legal and financial advisory services for the project, including tax counsel and supporting the underwriters. |
| IJGlobal Awards | Awarding Body | Other | The entity that recognized the project as PPP Deal of the Year. |