Vital Healthcare buys Sydney hospital, land for A$23.5 million

Vital Healthcare buys Sydney hospital, land for A$23.5 million
Tina Morrison
By Tina Morrison June 1 (BusinessDesk) - Vital Healthcare Property Trust bought a rehabilitation hospital and adjacent land in Sydney for A$23.5 million, continuing its expansion of healthcare properties. The Auckland-based company bought Hirondelle Private Hospital, a rehabilitation centre in the central Sydney suburb of Chatswood, and two adjacent residential sites with an option to acquire a third property for future expansion to meet forecast rising demand for rehabilitation services in the area, it said in a statement. The hospita...