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Generation Healthcare REIT Acquires Westmead Rehabilitation Hospital; Launches Equity Raising


Sunday, 21 Apr 2013 07:52pm EDT 

Generation Healthcare REIT announced the acquisition of Westmead Rehabilitation Hospital in Merrylands, Sydney, NSW and the launch of a fully underwritten Placement and non-renounceable Entitlement Offer. Westmead Rehabilitation Hospital is a purpose built 60 bed private rehabilitation hospital located in Merrylands, Sydney. The Company also announced a fully underwritten AUD 23.1 million equity raising (Offer) at AUD 0.97 per new unit (Offer price). The equity raising comprises: an AUD 8.0 million placement: and an AUD 15.1 million 3 for 16 non-renounceable entitlement offer (Entitlement Offer) to eligible unitholders on the register on May 2, 2013. 

Company Quote

1.25
-0.03 -2.34%
17 Apr 2014