Vital Healthcare buys private mental hospital in Sydney for A$30.3 mln

Tue, 13 Jun 2017

By Paul McBeth June 13 (BusinessDesk) - Vital Healthcare Property Trust has continued its acquisition spree with the purchase of a private mental hospital in Sydney for A$30.3 million. The Auckland-based property investor bought the 59-bed site called The Hills Clinic, which offers specialist inpatient programmes operated by Australian private hospital operator Healthe Care, which will sign a 30-year lease with Vital. "The Hills Clinic is Vital’s fifth mental health hospital in Australia and its first in New South Wales and directly...

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