Vital Healthcare buys properties to expand Adelaide hospital

Tue, 22 Dec 2015

By Tina Morrison Dec. 23 (BusinessDesk) - Vital Healthcare Property Trust, the listed hospital owner and developer, has bought two parcels of land to expand its orthopaedic surgery hospital in Adelaide, Australia. The property investor spent A$5.2 million acquiring the land alongside its 49-bed Sportsmed Private Hospital and associated clinic in Adelaide, Vital Healthcare's manager said in a statement. On one of the properties, it will build a A$9.5 million stand-alone medical consulting building adjacent to the main hospital, while the o...

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