HealthCo REIT Issues Breach Notices to Healthscope Over Rent Dispute

HealthCo Healthcare & Wellness REIT ( (AU:HCW) ) has provided an update.

HealthCo Healthcare & Wellness REIT and the Unlisted Healthcare Fund have issued breach notices to Healthscope for not fully paying the rent due for March 2025, with only partial payment received. As a result, HCW has withdrawn its FY25 financial guidance and is actively seeking alternative hospital operators to replace Healthscope’s tenancies if the issue is not resolved. The company has $100 million in cash and undrawn debt facilities and will receive support from HMC Capital, including deferred management fees, to manage the situation.

More about HealthCo Healthcare & Wellness REIT

HealthCo Healthcare & Wellness REIT (HCW) is a Real Estate Investment Trust listed on the ASX, focusing on owning healthcare and wellness property assets. The REIT aims to provide exposure to a diversified portfolio driven by healthcare sector megatrends, targeting stable and growing distributions, long-term capital growth, and positive environmental and social impact. HCW is Australia’s leading diversified healthcare REIT with a portfolio size of $1.6 billion and a significant development pipeline.

YTD Price Performance: -3.43%

Average Trading Volume: 1,853,188

Technical Sentiment Consensus Rating: Buy

Current Market Cap: A$552.6M

See more data about HCW stock on TipRanks’ Stock Analysis page.