Vital considers Healthscope property opportunity
About Vital Healthcare Property Trust
Vital Healthcare Property Trust (NZX: VHP) is Australasia’s largest listed investor in healthcare real estate. Tenants include hospital
operators and healthcare practitioners who deliver a wide range of medical and healthcare related services. The Manager of Vital
Healthcare Property Trust is NorthWest Healthcare Properties Management Limited.
1 February 2019
Vital considers participation in Healthscope property opportunity
NorthWest Healthcare Properties Management Limited, as manager of Vital Healthcare Property Trust (Vital),
today announced that its related company, NorthWest Healthcare Properties Real Estate Investment Trust (TSX:
NWH.UN) (NorthWest) and its controlled entities have entered into a conditional contract to acquire 11 freehold
hospital property assets from ASX listed Healthscope Limited (Healthscope) (the Portfolio) for A$1,258 million
as part of a sale and lease back transaction (the Property Transaction). NorthWest will release its announcement
independently.
Vital is not currently a party to the Property Transaction. Vital views it as potentially an attractive opportunity and
has had significant discussions about its participation in the acquisition of the Portfolio with NorthWest. Those
discussions have not as yet resulted in any agreement. Any such participation is subject to being able to reach
agreement on commercial terms and documentation with NorthWest.
Further, any participation by Vital would be subject to compliance with its Trust Deed and the Financial Markets
Conduct Act (FMCA), including necessarily being in the best interest of unitholders and on arms’ length terms.
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ENQUIRIES
David Carr, Chief Executive Officer
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7301, Email dcarr@vhpt.co.nz
Stuart Harrison, Chief Financial Officer
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7302, Email sharrison@vhpt.co.nz
Jason Kepecs, Director, Investments & Investor Relations
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7303, Email jkepecs@vhpt.co.nz
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