Listed healthcare property vehicle ING Medical Properties is doing due diligence on a $197 million Australian company.It is looking into Essential Healthcare Trust which like ING Medical Properties investments in New Zealand owns healthcare related buildi
Listed healthcare property vehicle ING Medical Properties is doing due diligence on a $197 million Australian company.
It is looking into Essential Healthcare Trust which like ING Medical Properties investments in New Zealand owns healthcare related buildings.
Last year it sold the North Gosford Private Hospital and is working on a development project with one of its major tenants Healthe Care Australia.
Essential Healthcare Trust’s manager Orchard Capital Investments has given ING Medical Properties an exclusive period to perform due diligence and negotiate a potential deal.
But ING Medical Properties said it has no news yet of a potential deal.
“The Trust has not entered into any commitment to acquire assets of the Essential Healthcare Trust. A further announcement will be made if this position changes,” it said earlier today.
ING Medical Properties has $296 million of assets in its portfolio and its shares were trading at $1.27 each at press time.
