HealthCo REIT Secures Rent Deferral to Sustain Hospital Operations

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

HealthCo Healthcare & Wellness REIT and the Unlisted Healthcare Fund have agreed to a short-term partial rent deferral with Healthscope and its Receivers to ensure the continuity of services at 11 private hospitals. This agreement includes immediate payment of outstanding rents for March and April 2025, and 85% of rent for May 2025, with the remaining 15% deferred until September 2025. The landlords are also in discussions about the Healthscope sale process and have received interest from other hospital operators to re-tenant the facilities, indicating a strategic move to maintain operations and explore new partnerships.

The most recent analyst rating on (AU:HCW) stock is a Sell with a A$1.04 price target. To see the full list of analyst forecasts on HealthCo Healthcare & Wellness REIT stock, see the AU:HCW Stock Forecast page.

More about HealthCo Healthcare & Wellness REIT

HealthCo Healthcare & Wellness REIT (HCW) is a Real Estate Investment Trust listed on the ASX that focuses 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 recognized as Australia’s leading diversified healthcare REIT with a portfolio valued at $1.6 billion and a substantial development pipeline.

Average Trading Volume: 1,733,207

Technical Sentiment Signal: Sell

Current Market Cap: A$462.1M

Learn more about HCW stock on TipRanks’ Stock Analysis page.