Why Vital Healthcare institutional investors are rebelling

Tue, 04 Dec 2018

By Jenny Ruth Dec. 5 (BusinessDesk) - At the root of the stoush between institutional investors in Vital Healthcare Property Trust and its manager is the fear that the manager may buy property at the top of the market. A month after former chair Graeme Horsley resigned in April, the owner of the manager, Canada-based NorthWest Healthcare Properties Real Estate Investment Trust, announced it had bought an option to buy up to 10.1 percent of ASX-listed Healthscope at an effective price of A$2.39 per share. Healthscope shares are current...

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