Vital leases Gold Coast hospital for $2.4m a year

Tue, 21 Apr 2015

By Suze Metherell April 22 (BusinessDesk) - Vital Healthcare Property Trust has leased its Gold Coast hospital to Ramsay Health Care, an international hospital provider, for the next 21 years. The Auckland-based property trust has leased its Allamanda Private Hospital to the Australian stock exchange-listed hospital operator, with annual rent starting at A$2.4 million, beginning in November 2016, Vital said in a statement. Ramsay operates 212 hospitals and day surgeries across Australia, France, the UK, Indonesia and Malaysia. The pro...

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