Australia's HealthCo Healthcare rises on acquiring health hub in Queensland

Healthco Healthcare and Wellness Reit

15/11/2022 02:57

** Shares of Australia's HealthCo Healthcare and Wellness
REIT  HCW.AX  rise as much as 7.3% to A$1.535, their biggest
intraday pct gain since July 15 
    ** Healthcare and wellness property assets provider agrees
to acquire Vitality Village Health Hub on Sunshine Coast,
Queensland for A$28.9 mln ($19.37 mln) urn:newsml:reuters.com:*:nASX31JLVC
    ** Co adds the newly developed health hub is located in a
core healthcare area, where it will benefit from ongoing
significant population growth and infrastructure investment
    ** Co also reaffirms FY23 FFO per unit and DPU guidance of
6.8 au cents and 7.5 au cents respectively 
    ** Stock hits highest since Sept.26
    ** HCW has fallen 36.2% this year as of last close
($1 = 1.4923 Australian dollars)
 (Reporting by Nausheen Thusoo)
 ((Nausheen.Thusoo@thomsonreuters.com;))