Ontario’s NorthWest to Acquire C$1.2B Australian Hospital Portfolio

Ontario’s NorthWest Healthcare Properties Real Estate Investment Trust (NorthWest) announced today that it has entered into definitive agreements to acquire 11 hospital property assets from Australia’s Healthscope Limited and its affiliates for approximately C$1.2 billion. Healthscope is one of Australia’s leading private hospital operators with a portfolio of 43 private hospitals concentrated in large metropolitan centres. NorthWest intends to structure the transaction to ultimately maintain a 25-to-30 per cent ownership interest by leveraging its capital relationships. For this purpose, NorthWest has entered an agreement with Brookfield Business Partners L.P. and its institutional partners to acquire up to 100 per cent of Healthscope shares. NorthWest employees more than 180 professionals across nine offices in five countries to serve as a real estate partner to leading healthcare operators.

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