Vital Healthcare adds Acurity's Royston hospital to deal after getting OIO approval

Thu, 30 Nov 2017

By Paul McBeth Dec. 1 (BusinessDesk) - Vital Healthcare Property Trust has bought Acurity Health Group's Royston hospital for $54 million, having got Overseas Investment Office approval to acquire two other hospitals in the private operator's portfolio. Auckland-based Vital today said it got OIO approval to buy Acurity's Bowen and Wakefield hospitals in Wellington, which had been holding up the deal's settlement, and added the Hastings hospital with plans to expand the Royston hospital. The expanded deal commits Vital to spend up to $106...

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