NorthWest Healthcare announcement

About Vital Healthcare Property Trust
Vital Healthcare Property Trust (NZX: VHP) is Australasia’s largest listed investor in healthcare real estate. Tenants include hospital
operators and healthcare practitioners who deliver a wide range of medical and healthcare related services. The Manager of Vital
Healthcare Property Trust is NorthWest Healthcare Properties Management Limited.
vhpt.co.nz
05 December 2018

NorthWest Healthcare announcement
NorthWest Healthcare Properties Real Estate Investment Trust (NorthWest),
a Canadian based healthcare focussed real estate investment trust and
owner of NorthWest Healthcare Properties Management Limited (NWM), the
Manager of Vital Healthcare Property Trust (Vital), has filed the attached
notice regarding Healthscope Limited (ASX:HSO) with ASX.

On 20 November 2018, NorthWest announced that it had acquired on-market 1.0% of shares in Healthscope. On 30
November 2018, NorthWest amended the forward derivative contract to increase their interest in voting shares to up to
13.41%, at an ingoing average price of $2.360062 per share as detailed in the attached Form 604.
Healthscope is one of Australia’s leading private hospital operators with a portfolio of 43 hospitals concentrated in large
metropolitan centres throughout Australia. As previously stated, an acquisition of Healthscope's underlying hospital
related real estate is of interest to NorthWest and Vital in line with their long term strategy to invest in healthcare real
estate assets in the Australasian market. Consistent with their Conflicts Policy, NorthWest and Vital currently intend to
pursue any potential Healthscope real estate acquisition jointly, with scope to introduce other capital partners as
appropriate.
Recognising the above, as an extension of the current loan arrangement with NorthWest, Vital has agreed to lend a
further A$40m (A$81m in aggregate) to NorthWest. This additional funding reflects Vital’s proportionate contribution to
the funding required to support the acquisition of the 13.41% position. The loan is repayable in 12 months, unless the
parties agree to a shorter timeframe. The loan continues to be on arm’s length terms and interest is payable by
NorthWest.


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ENQUIRIES
David Carr, Chief Executive Officer
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7301, Email dcarr@vhpt.co.nz

Stuart Harrison, Chief Financial Officer
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7302, Email sharrison@vhpt.co.nz

Jason Kepecs, Director, Investments & Investor Relations
NorthWest Healthcare Properties Management Limited, Telephone 09 973 7303, Email jkepecs@vhpt.co.nz