Vital Healthcare pays A$24M for Melbourne medical centre

Sun, 20 Nov 2016

By Tina Morrison Nov. 21 (BusinessDesk) - Vital Healthcare Property Trust, the hospital and healthcare property developer, paid A$24.4 million for a majority interest in a medical centre in Melbourne, Australia, and spent A$10 million acquiring sites to enable future expansion. The Auckland-based trust acquired the controlling interest in the four-level Ekera Medical Centre in Box Hill in Melbourne, with a small number of individual strata units remaining in the private ownership of consultants, surgeons and doctors who practice from the...

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