Toronto-based NorthWest Healthcare Properties Real Estate Investment Trust has acquired four private hospitals in London from Aspen Healthcare for £260 million.
The Canadian company, which bought six BMI hospitals for £97.8 million in February, said the latest deal provided it with ‘an attractive portfolio with which to seed a future UK joint venture’.
“The addition of the London portfolio is strategically important to have as it increases the scale of the REIT’s UK portfolio to more than $620 million and positions it for further growth in partnership with the region’s leading healthcare operators,” the REIT said in its Q2 trading statement. “It also diversifies the REIT’s UK operator mix and brings its focus into major UK healthcare markets.”
North-West’s move follows on the Medical Properties Trust £1.5 billion acquisition of 30 BMI hospitals as the start of 2020 and is seen by some as part of a growing interest from North American investors in the UK private hospital sector.
Date published: September 7, 2020