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Court of Appeal refuses appeal and upholds High Court's decision that health service providers are not entitled to reimbursement for interest accrued on loans taken out for the acquisition of hospital facilities, on the grounds that the interest costs incurred from the acquisition loans did not relate to the "ongoing operation and functioning of the facility" as required by the Heads of Terms agreement; and consequently, these costs were not considered operational costs eligible for reimbursement under the agreement.
Court of Appeal - High Court - health service providers - reimbursement - interest costs - acquisition loans - COVID-19 pandemic - public patients - Heads of Terms agreement - operational costs - facility operation and functioning - appeal dismissal - overpayment offset - contractual interpretation.
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