Vital Healthcare Property Trust buys rehab hospital in Queensland for A$23.8 million

Sun, 10 Dec 2017

By Rebecca Howard Dec. 11 (BusinessDesk) - Vital Healthcare Property Trust has bought Eden Rehabilitation Hospital in Cooroy in Queensland, Australia, for A$23.8 million as part of its ongoing diversification strategy. Eden is a private rehabilitation hospital leased to Healthe Care Australia and has future brownfield potential, Vital Healthcare chief executive David Carr said in a release to the stock exchange. Vital has agreed to a new 20-year lease with Healthe Care, Australia's third-largest corporate private hospital operator and Pan...

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