Australia's Healthco Healthcare plunges as it withdraws annual earnings outlook

Healthco Healthcare and Wellness Reit

03/03/2025 23:59

** Shares of Australia's Healthco Healthcare and Wellness REIT HCW.AX slump 6.2% to A$0.905, hitting record low

** HCW withdraws full-year funds from operations forecast

** Withdraws forecast after Healthscope, Australia's second-largest private hospital operator, failed to pay rent due for March on 11 of its facilities owned by HCW

** HCW says it has issued breach notices to Healthscope and that part of the payment has been received

** Stock down 10.8% YTD

 (Reporting by Rishav Chatterjee in Bengaluru)

 ((Rishav.Chatterjee@thomsonreuters.com))