Under a major event in the domestic economy, the investors of the Vital Healthcare have recently approved the $160 million purchase of twelve Australian medical related buildings. It is to be mentioned here that the investors of Essential Healthcare Trust in Australia decided to poll in the favour of selling its assets to NZX-listed Vital Healthcare.

For the record, the properties that are covered under the plan are 99.9% occupied and have an average lease term of 15.4 years. It may be noted here that the names in the list match the likes of the 258-bed Allamanda Private Hospital and day surgery Allamanda Surgicentre on the Gold Coast, 101-bed Lingard Private Hospital n Newcastle, 60 bed Maitland Private Hospital and 78-bed psychiatric hospital Palm Beach Currumbin clinic.

Apart from the aforementioned names, the other sites are North West Private Hospital in Tasmania, 49-bed psychiatric Belmont Private Hospital in Brisbane, 116-bed South Eastern Private Hospital in Melbourne, 72-bed Toronto Private Hospital in Sydney, 52-bed Dubbo Private Hospital, Brockway House in Gold Coast and the Melbourne Pathology Building.

Vital Healthcare's manager's chairman Bill Thurston said in a statement that the company is very pleased with the announcement and it is a start of an exciting period for the company.