Vital Healthcare extends buying spree with two Australian facilities worth A$27.6M

Tue, 04 Apr 2017

By Jonathan Underhill April 5 (BusinessDesk) - Vital Healthcare Property Trust has acquired an aged-care facility and a hospital in Australia for A$27.6 million, extending the buying spree it embarked on since raising $160 million in a rights offer last July. The company acquired the Grafton Aged Care facility in northern New South Wales with aged care partner, Hall & Prior, gaining a total of 83 beds in 43 rooms and two adjacent residential properties that can be used for expansion. Grafton was bought on an initial 20-year lease with Hal...

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