Oireachtas Joint and Select Committees

Monday, 16 May 2022

Joint Oireachtas Committee on Health

New National Maternity Hospital: Discussion (Resumed)

Mr. James Menton:

Okay. Maybe I will start that answer and Ms Reynolds and Mr. O'Raghallaigh might want to comment. Indeed, all of us might want to comment. In the first instance, the legal arrangement for the transfer of the shares was into St. Vincent's Holdings CLG, which is a not-for-profit registered charity under the laws of this country and its constitution is an Irish company under the laws of this country. We were absolutely determined there would be no restrictions placed in the constitution of that company, or indeed in its now subsidiary, or proposed subsidiary, St. Vincent's Healthcare Group, that would have any influence of Catholic ethics, the imposition of religious influence or Catholic ethics. Anybody who has read those constitutions can clearly see that goal has been accomplished. We also ensured specific parties bound under confidentiality agreements had access to our share purchase agreement and the other legal document indemnity which again contains no conditions of what I have just described. Under our agreements the HSE and other stakeholders have had access to those documents and they have been reviewed by their lawyers before they gave consent to the transfer.

Mr. O'Raghallaigh might want to comment, as our adviser.

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