'What's to stop HCW saying "see you later guys" across the board and installing new operators willing to take over the leases?'
That's exactly why they've issued breach notices so soon after going into arears. You don't do that if you're negotiating on a lease, HCW are looking to cancel the leases & resign with another party.
'HealthCo Healthcare & Wellness REIT (ASX: HCW) and the Unlisted Healthcare Fund (UHF) today issued breach notices to Healthscope for failing to pay all rent due for March 2025. Part payment of the rent has been received. HCW and UHF will enforce their legal rights and seek to replace Healthscope’s tenancies with other hospital operators in the event the breaches are not remedied. As foreshadowed at the release of HCW’s 1H FY25 result on 14 February 2025, HCW and UHF are now in active discussions with alternative hospital operators.'
HCW Price at posting:
88.8¢ Sentiment: Buy Disclosure: Held
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