Vital Healthcare buys Perth-based psych hospital for A$13.5 mln

Sun, 10 Aug 2014

By Paul McBeth Aug. 11 (BusinessDesk) - Vital Healthcare Property Trust, New Zealand’s largest listed medical and healthcare property investor, has bought a 31-bed psychiatric hospital in Perth, Western Australia, for A$13.5 million, as it looks to beef up its exposure to the resources-driven state economy. The property investor's manager, Vital Healthcare Management, said it has unconditionally purchased the Marian Centre hospital in Subiaco, Perth, which offers inpatient, outpatient services and therapy programmes. The pu...

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