HSO 0.00% $2.46 healthscope limited.

"Healthscope announced on 21 August 2018 the intention to...

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    "Healthscope announced on 21 August 2018 the intention to establish a new unlisted property trust which will hold the majority of Healthscope's freehold property assets. Healthscope would enter into a long term lease over each of the properties owned by the property trust. Healthscope will own a 51% interest in the
    property trust and a new co-investor will be introduced to own 49%.

    Healthscope has identified 20 of its hospital freehold properties for potential inclusion in the
    property trust. The operating businesses at those locations generated approximately 65% of
    Healthscope's FY18 Hospital Operating EBITDA.

    It is anticipated that the property trust will receive rental payments from Healthscope of approximately $85 to $90 million in the first year.

    Healthscope currently anticipates that the value of the properties in the trust would be in the
    range of $1.6 - $1.8 billion (on a 100% ownership basis), significantly in excess of the current
    book value of these properties of $1.1 billion."
 
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