Vital Healthcare seeks $160 mln to keep development pipeline pumping

Mon, 20 Jun 2016

By Paul McBeth June 21 (BusinessDesk) - Vital Healthcare Property Trust plans to raise $160 million to pay down debt, giving it headroom to pursue a pipeline of developments on both sides of the Tasman. The trust plans to sell shares at $2.08 apiece in a two-for-one pro rata renounceable rights offer, manager Vital Healthcare Management said in a statement. Vital Healthcare's biggest investor and owner of the manager, NorthWest Healthcare Properties Real Estate Investment Trust, intends to take up its full entitlement worth $39.3 million...

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