Vital considers Healthscope property opportunity

Vital considers participation in Healthscope property opportunity NorthWest Healthcare Properties Management Limited, as manager of Vital Healthcare Property Trust (Vital), today announced that its related company, NorthWest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) (NorthWest) and its controlled entities have entered into a conditional contract to acquire 11 freehold hospital property assets from ASX listed Healthscope Limited (Healthscope) (the Portfolio) for A$1,258 million as part of a sale and lease back transaction (the Property Transaction). NorthWest will release its announcement independently. Vital is not currently a party to the Property Transaction. Vital views it as potentially an attractive opportunity and has had significant discussions about its participation in the acquisition of the Portfolio with NorthWest. Those discussions have not as yet resulted in any agreement. Any such participation is subject to being able to reach agreement on commercial terms and documentation with NorthWest. Further, any participation by Vital would be subject to compliance with its Trust Deed and the Financial Markets Conduct Act (FMCA), including necessarily being in the best interest of unitholders and on arms' length terms. - ENDS - ENQUIRIES David Carr, Chief Executive Officer NorthWest Healthcare Properties Management Limited, Telephone 09 973 7301, Email dcarr@vhpt.co.nz Stuart Harrison, Chief Financial Officer NorthWest Healthcare Properties Management Limited, Telephone 09 973 7302, Email sharrison@vhpt.co.nz Jason Kepecs, Director, Investments & Investor Relations NorthWest Healthcare Properties Management Limited, Telephone 09 973 7303, Email jkepecs@vhpt.co.nz End CA:00330082 For:VHP Type:MKTUPDTE Time:2019-02-01 12:00:10