Vital Healthcare annual profit falls 6.6% after $4.3m spend on Healthscope

Wed, 07 Aug 2019

By Jenny Ruth Aug. 8 (BusinessDesk) - Vital Healthcare Property Trust’s annual net profit fell 6.6 percent after it spent $4.3 million evaluating a proposed purchase of Healthscope properties that most of its investors didn’t want to happen. The manager, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, ultimately bowed to pressure on a deal that didn’t stack up financially and Vital didn’t proceed with the purchase. Despite this, NorthWest still pocketed a 3.9 percent increase in fees while distributions to Vi...

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