HealthCo secures lender approval for hospital operator transfers
- HealthCo Healthcare & Wellness REIT and the Unlisted Healthcare Fund received lender support to transfer 10 hospital operations to alternative operators.
- HealthCo's share price remained unchanged at $0.78 following the announcement.
- The proposed transaction aims to ensure continuity of healthcare services and maintain well-capitalised tenants.
HealthCo Healthcare & Wellness REIT (ASX:HCW) and the Unlisted Healthcare Fund secured lender support to transfer operations across 10 hospitals to alternative operators.
The agreement follows ongoing restructuring efforts by the receiver to stabilise hospital operations and protect tenant quality.
The transfer terms align with prior market updates and require customary regulatory approvals.
The landlords confirmed that Healthscope paid 100% of its lease obligations through September 2026.
The proposed transaction aims to maintain ongoing employment for nursing and hospital staff across all affected facilities.
Following the announcement, the HealthCo Healthcare & Wellness REIT share price was unchanged at $0.78.
HealthCo focuses on investing in healthcare real estate assets throughout Australia to generate stable rental income.
The fund retains full legal rights to enforce lease covenants or issue default notices if operational terms are breached.
