Vital Healthcare's manager to raise $150m

Wed, 07 Oct 2020

Vital Healthcare Property Trust's manager wants to raise $150 million of new equity to fund developments and the potential purchase of another metropolitan hospital.The manager, a subsidiary of Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, said it is "in advanced discussions to acquire a premium hospital in a metropolitan area for $95 million" which is leased to a major private hospital operator.The price represents "a 5.25 percent year two stabilised cap rate."Aaron Hockly, who heads the sub...

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