Private finance for London hospital merger

One of the largest estate deals involving the private sector in higher education has been struck with London's King's College and the United Medical and Dental School of Guys and St Thomas's Hospitals, which are to merge in August. The Pounds 170 million Private Finance Initiative will fund the rebuilding of Hunts House at Guy's and the refurbishment of Cornwall House at Waterloo. The schools will occupy the buildings in autumn 1999.