Vital Healthcare raises $160M as existing investors take up 87% of units on offer

Wed, 20 Jul 2016

By Jonathan Underhill July 20 (BusinessDesk) - Vital Healthcare Property Trust has raised $160 million after its existing investors took up 87 percent of the units in the two-for-nine renounceable rights offer. Unitholders picked up 67 million of the 76.9 million new units, raising about $140 million, while brokerage Forsyth Barr picked up $20 million of units as the underwriter. Vital Healthcare's biggest investor and owner of the manager, NorthWest Healthcare Properties Real Estate Investment Trust, took up its full entitlement wort...

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