Canada's NorthWest looks to boost stake in Vital Healthcare to 25 percent

Mon, 01 Apr 2013

April 2 (BusinessDesk) - Canadian investor NorthWest International Healthcare Properties Real Estate Investment Trust plans to lift its stake in Vital Healthcare Property Trust to just under a quarter over the coming 12 months. The Vital Healthcare cornerstone shareholder and manager intends to buy up to 15.4 million units, or 5 percent, in the property trust, taking its total interest to 24.99 percent, it said in a restricted transfer notice. The Canadian property investor will buy the units on market at a price of between $1.15 and $1.38,...

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