• All deferred Healthscope rent for May-October 2025 paid in full
• Landlords have entered into conditional agreements with alternative tenants for 11 hospitals
• Landlords' priorities are to ensure continuity of service, tenancy by well-capitalized operators, and maintain long-term value

HealthCo Healthcare & Wellness REIT (HCW) has announced that all deferred Healthscope rent for the May-October 2025 period has been paid in full, and the rent for November 2025 has also been paid in full. This means that HCW and the Unlisted Healthcare Fund (UHF) have collected 100% of all rent due and payable since the original portfolio transaction in 2023. The Landlords have also entered into conditional agreements with alternative tenants for all 11 hospitals owned by the Landlords. These Conditional Agreements include detailed commercial terms which are acceptable to the Landlords. The Landlords will look to enter into final lease agreements with these alternative tenants in the event the current Receiver-led Healthscope sale process does not result in one or more proposed assignees and lease arrangements which the Landlords consent to. The Landlords' priorities are to provide for continuity of service across all the 11 hospitals; ensure that the portfolio is tenanted by well-capitalized operators with strong operational track records; maintain jobs for nurses and hospital staff; and maintain long-term value for HCW unitholders and UHF investors. The Landlords continue to have constructive discussions with the Receiver and Healthscope's advisers regarding the Receiver-led sale process, alternative hospital operators, and orderly transition of the operations of the 11 hospitals. The Landlords note recent media speculation regarding a potential reconstitution of Healthscope to a not-for-profit entity, but have not received any proposal from Healthscope or their adviser relating to such a reconstitution.

Adjusted for all settled and exchanged asset sales in FY26 (aggregate proceeds of $68.8m), HCW's Jun-25 pro-forma cash and undrawn debt is $137.5m, and Jun-25 pro-forma gearing is 29.2% which is below HCW's target gearing range.