Canada's NorthWest Healthcare Properties buys rights to 10 pct stake in Healthscope

Vital Healthcare Property Trust

08/05/2018 01:49

May 8 (Reuters) - Canada's NorthWest Healthcare Properties
REIT  NWH_u.TO  on Tuesday said it acquired rights to a 10
percent stake in Australian hospital operator Healthscope Ltd
 HSO.AX  at A$2.39 per Healthscope share.
    This values the stake at about A$416 million ($313.04
million). The rights to the stake were obtained through a 
derivative offered by Deutsche Bank AG, the company said in a
statement.
    Last month, private equity firm BGH Capital and its
consortium partners offered to buy out Healthscope for $3.1
billion.  urn:newsml:reuters.com:*:nL3N1S26UE
    
($1 = 1.3289 Australian dollars)

 (Reporting by Chris Thomas in Bengaluru)
 ((chris.thomas@thomsonreuters.com; +91-80-6749-8695; Reuters
Messaging: chris.thomas.thomsonreuters.com@reuters.net))