August 20, 2018 / 11:17 PM / a month ago

Australia's Healthscope to form unlisted hospital property trust

Aug 21 (Reuters) - Australia’s Healthscope said on Tuesday it would establish a new unlisted property trust after it concluded a strategic review of its hospital property assets.

The company said in a statement that the new property trust would hold most of Healthscope’s freehold hospital property assets. It would lease them back to the parent company, which will own a majority stake in the trust, while a new co-investor is expected to hold an interest of up to 49 percent.

The hospital properties will have a book value for land and buildings of about A$1.0 billion ($732 million), Healthscope added. ($1 = 1.3669 Australian dollars) (Reporting by Devika Syamnath in Bengaluru; editing by Richard Pullin)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below