David Di Pilla's HCW fund surges on partially deferring Healthscope rental payments

Hcw Biologics

30/05/2025 01:49

** Shares of Australia's Healthco Healthcare Wellness REIT HCW.AX rise 17% to A$0.965

** Stock hits its highest since March 3 and is set for its biggest single-day gain on record

** HCW says it has agreed to partial rent deferments on 11 Healthscope hospitals

** HCW, a satellite fund run by David Di Pilla's HMC Capital HMC.AX says it would defer 15% of the rent due to Healthscope for May-August period until September

** HCW adds it has received expressions of interest from alternative hospital operators to re-tenant the facilities

** HMC stock up 0.8%

** HCW down 7.6% YTD

(Reporting by Rishav Chatterjee in Bengaluru)

((Rishav.Chatterjee@thomsonreuters.com;))