Healthcare property company Vital Healthcare can go ahead with a $151 million rights issue after the majority of its shareholders voted in favour of it this morning.There were 3.1 million votes against the proposed capital raising and 22.5 million in favo
Healthcare property company Vital Healthcare can go ahead with a $151 million rights issue after the majority of its shareholders voted in favour of it this morning.
There were 3.1 million votes against the proposed capital raising and 22.5 million in favour of it.
The money will be put towards the $160 million purchase of twelve healthcare properties in Australia, which will take its portfolio value to $510 million, if Essential Healthcare Trust investors vote in favour of the purchase tomorrw.
The capital raising is fully underwritten by Forsyth Barr.
