ANALYSIS: Vital investors foot the bill for ditching a dud idea

By Jenny Ruth | Sun, 01 Sep 2019


By Jenny Ruth Sept. 2 (BusinessDesk) - Investors were mightily relieved when Vital Healthcare Property Trust’s manager announced in May that Vital wouldn’t be party to buying Healthscope properties for A$1.25 billion. Trading in Vital speaks volumes: the unit price jumped from $2.12 on May 9, the day before Canada-based NorthWest Healthcare Properties Real Estate Investment Trust’s announcement, to as high at $2.65 in July. But the relief is rather like the deliverance you feel when you stop banging your head against a brick wall. I...