Oireachtas Joint and Select Committees
Monday, 16 May 2022
Joint Oireachtas Committee on Health
New National Maternity Hospital: Discussion (Resumed)
Mr. Donal O'Raghallaigh:
Absolutely. There are a number of protections as seen in the lease. There is an obligation on St. Vincent's Healthcare Group not to permit a change of ownership in its shares without the consent of the HSE. The SVH holdings company that took the shares from the Sisters of Charity cannot transfer that share. That is regulated by the Charities Regulator, as is SVHG. Everything is kind of locked in. These include the SVHG shares in SV Holdings, which are locked into that company. Within the SVHG, the movement of that share is double-locked with respect to a HSE consent.
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