It is managed by the Cornwall Partnership NHS Foundation Trust.

A new facility was procured under a Private Finance Initiative contract in 2000 to replace both St Lawrence's Hospital and the old East Cornwall Hospital.

[1] The new hospital was built at a cost of £10 million and was opened by Charles, Prince of Wales in 2002.

He worked alongside the architects, engineers, builders, landscape architects, interior designers and project managers to identify opportunities for incorporating art into the building and landscape.

He undertook the signage and some of the creative projects such as the cobalt blue glazed wall pictured, as well as commissioning work from other, local artists including Danka Napiorkowska who produced three sand blasted panels of flowers with fibre optic lights running along the surface of the petals.