Vital Healthcare flags A$84 mln spend to expand Australian portfolio

Tue, 31 May 2016

By Paul McBeth June 1 (BusinessDesk) - Vital Healthcare, which owns and develops property for hospitals and healthcare providers, plans to spend A$84 million to expand existing operations across the Tasman and make a series of new acquisitions. The unit trust's manager, Vital Healthcare Management, said it will spend A$64 million on brownfield developments for its Australian hospital portfolio and a further A$20 million has been earmarked for "strategic acquisitions" to enhance its existing assets. Once completed, Vital anticipates the sp...

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