Vital Healthcare expands footprint with hospital purchases in Auckland, Perth

Sun, 26 Feb 2017

By Paul McBeth Feb. 27 (BusinessDesk) - Vital Healthcare Property Trust has continued its acquisition spree since last year's capital raising, buying hospitals in Perth and Auckland. The healthcare property developer and investor today announced the purchases of a 30-bed private mental health hospital in Perth for A$20 million and a 31-bed private surgical hospital in Auckland for $33 million. The two purchases are expected to deliver an average yield of 6.65 percent, it said. The Abbotsford Private Hospital in Perth has an initial 2...

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