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Tight Vital Healthcare pricing reflects portfolio quality

Jenny Ruth
Tue, 03 May 2022

Tight Vital Healthcare pricing reflects portfolio quality
Ormiston is the only private hospital in a growing part of Auckland. (Image: supplied)
Jenny Ruth
Tue, 03 May 2022
The pricing of Vital Healthcare Property Trust's $200 million capital raising speaks volumes about the quality of its $3.2 billion portfolio.The latest indication is the 9-cent premium achieved in auctioning the rights institutions either couldn't or didn't want to take up.Eligible institutions took up 98% of their entitlements to new units priced at $2.95 and the remainder were sold at $3.04 – the premium will be paid to the non-participating institutions and $109.8m of new capital goes to the trust. Those prices compare...

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