A consortium has been given the go-ahead to construct a private hospital on the grounds of St James’s Hospital in Dublin.
Synchrony Healthcare has signed an agreement with the HSE and St James’s which will see it build a new facility providing 195 in-patient beds, 72 outpatient beds and eight operating theatres.
An application for planning permission will now be submitted.
Under the terms of the agreement, Synchrony Healthcare has been granted a 65-year lease.
With almost 1,000 inpatients beds, St James’s Hospital is the largest in the country and treats about 300,000 patients per year. It is one of the eight designated national cancer centres and provides national clinical specialties in a wide range of areas.
Chief executive of St James’s Hospital Ian Carter said the new hospital would add to St James's capacity.
"This new development will greatly add to our capacity to bring even more advanced treatments to more patients and will underline our role as a leader in patient care. We look forward to working in partnership with Synchrony Healthcare in advancing this significant project,” he said.