Thursday, 22 February 2018

Announcement

TRANSACT: VHP: Vital acquires Eden Rehabilitation Hospital

11 Dec 2017 09:36NZX
Vital acquires Eden Rehabilitation Hospital for A$23.8m

Vital Healthcare Property Trust (Vital) announced today that it has acquired
Eden Rehabilitation Hospital (Eden) in Cooroy, Queensland.  Eden is a private
rehabilitation hospital leased to Healthe Care Australia (Healthe Care) for
20 years, with future brownfield potential.

Eden is a 48 bed private inpatient rehabilitation hospital and medical centre
located in Cooroy, approximately 25 minutes inland from Noosa in Queensland.
Eden has provided rehabilitation and medical care to Sunshine Coast residents
for over 15 years.

The population of the Sunshine Coast is expected to grow at above the
Australian national average over the next 10 years, with Eden well positioned
as the only sub-acute stand-alone private rehabilitation hospital between
Brisbane and Cairns.

Vital has agreed to a new 20 year lease with Healthe Care, Australia''s third
largest corporate private hospital operator and pan-Asian healthcare services
group. The transaction builds further on Vital''s strategy to acquire private
hospitals with long term leases to market leading operators with embedded
growth potential.

Healthe Care and Vital expect to once again collaborate to deliver a
brownfield development at Eden to meet the forecast increase in demand for
healthcare services in the region.

Ongoing opportunities reflect the depth of Vital''s relationships with its
healthcare operating partners

Chief Executive of Vital''s Manager, David Carr said, "The Eden acquisition
further reinforces Vital''s commitment to its scale and diversification
strategy while working alongside our tenant partners to support their own
long term growth aspirations."

The acquisition settled on 8 December 2017.

- ENDS -

ENQUIRIES
David Carr, Chief Executive Officer
Vital Healthcare Management Ltd, Telephone 09 973 7301, Email
dcarr@vhpt.co.nz

Stuart Harrison, Chief Financial Officer
Vital Healthcare Management Ltd, Telephone 09 973 7302, Email
sharrison@vhpt.co.nz

Jason Kepecs, Manager, Investor Relations
Vital Healthcare Management Ltd, Telephone 09 973 7303, Email
jkepecs@vhpt.co.nz
End CA:00311713 For:VHP    Type:TRANSACT   Time:2017-12-11 09:36:03
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