Vital Healthcare's exposure to Healthscope jumps to A$81M

Tue, 04 Dec 2018

By Jenny Ruth Dec. 5 (BusinessDesk) - Vital Healthcare Property Trust’s exposure to ASX-listed Healthscope has increased to A$81 million, its manager says. Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, which owns Vital’s management contract, said it has increased its joint option over Healthscope shares to take it and Vital’s stake to 13.4 percent. That follows on-market purchases of one percent of Healthscope shares. The option, provided by Deutsche Bank, has an average per share exercise price of A$2.3...

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