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...the purpose for which the company has been floated, and its principal object, is to assist the development of the University of St. Andrews in Dundee, by the acquisition, when opportunity occurs, of suitable heritable properties within the College precinct, which the University is not able for any reason to acquire and to hold such properties in name of the Company for later sale to the University at the appropriate time; that the Company's operations will be directed towards this end, rather than to profit; and that the Directors accept the probability that in achieving this primary purpose there may be some resultant capital losses'. Resolved at first Meeting of Directors, held at W.B. Dickie & Sons, Solicitors, 11 Whitehall Street, Dundee, 13 September 1960.

Dundee Teaching Hospitals, based at Ninewells Hospital & Medical School, Dundee, is the major centre of acute services provision for Tayside and North Fife.