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Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Okay. Have the accounts for 2021 been prepared yet?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: My question relates to the nature of the expectation in relation to those accounts. Does Mr. Menton expect a further deterioration in the liabilities?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: My question is whether Mr. Menton expects a further deterioration in the group's liabilities. It is an overall question. Does Mr. Menton expect the situation to disimprove or improve in terms of liabilities? What is his expectation as chair of the board?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: I am just asking Mr. Menton his expectation about the liabilities.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: So Mr. Menton does expect the situation to deteriorate. Okay.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Okay. The group has a mortgage with Bank of Ireland on the private hospital.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Of €117 million. That is correct, is it not?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: How much is owed on that mortgage now?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: A sum of €100 million is owed.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: All of the debts are registered as charges on all the properties on the Elm Park campus-----

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: ----- including the site of the new maternity hospital. Is that correct?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: I just asked Mr. Menton if the registered charges are on all of the properties.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Okay. Will Mr. Menton provide a note on that? Maybe someone on his team will do it.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: St. Vincent's is now granting a lease to the HSE on foot of this leasehold document that we have here.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Is it not a term of this lease that St. Vincent's reserves the right to mortgage this new hospital building?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: If St. Vincent's runs into difficulties, it would be able to mortgage the new hospital building? Is that the case.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Sorry. Is that not the case?

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: And the group would be able to mortgage the building.

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: No. I just want the group to confirm that it can mortgage the building. Assuming that it mortgages the hospital building -----

Joint Oireachtas Committee on Health: New National Maternity Hospital: Discussion (Resumed) (16 May 2022)

Róisín Shortall: Sorry. Just a moment. Assuming that it may have to mortgage the hospital building, what will happen if the group is unable to meet its debts in the future?

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