Key points
- Healthscope to transfer operations of 10 hospitals to alternative operators
- Transfer supported by Healthscope's lenders
- Ensures continuity of healthcare services and maintains jobs
- Healthscope remains compliant with lease obligations
- Landlords retain all rights in case of non-compliance
Full summary
HealthCo Healthcare & Wellness REIT (ASX: HCW) and the Unlisted Healthcare Fund have been advised by Healthscope's receiver that the necessary support from lenders has been obtained for the transfer of hospital operations for 10 Healthscope hospitals to alternative operators. This transaction aligns with HCW's previous disclosures and is subject to customary approvals. The transfer aims to ensure continuity of healthcare services, maintain tenanted hospitals with well-capitalized operators, and preserve jobs for nurses and hospital staff. Healthscope remains compliant with its lease obligations and has paid all due rent up to September 2026. The landlords retain all rights, including cross-default and termination rights, in case of any non-compliance with lease obligations.