Vital Healthcare says shareholder's purchase of stake in Australian health trust not linked to rights offer

Mon, 27 Jun 2016

By Sophie Boot June 27 (BusinessDesk) - Vital Healthcare Property Trust says its holding company's acquisition of 19.9 percent of an ASX-listed health trust is unrelated to its recent rights offer announcement, and the two trusts will be run independently. NorthWest Healthcare Properties (NWH), a Canadian trust listed on the Toronto stock exchange, owns about 24.4 percent of Vital Healthcare Management, which manages the Vital trust. NorthWest has today upped its stake in Generation Healthcare Trust (GHC), an ASX-listed trust with simi...

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