Home Consortium today provides an update on the proposed establishment of HealthCo. HealthCo will target a model portfolio of assets in key sub-sectors including hospitals, primary care, childcare, aged care and life sciences. HealthCo’s model portfolio of Health and Wellness sectors is focused on delivery of stable distributions, long term capital growth while also delivering positive outcomes for local communities through HomeCo’s environmental and social impact asset management initiatives.
Subject to market conditions, HomeCo is now targeting an initial equity raise of $1.0 billion, double the size of the proposed equity raising flagged in HomeCo’s 1HFY21 results across both listed and unlisted investment vehicles.
HomeCo Group Managing Director & CEO, David Di Pilla said: “HealthCo’s vision is to improve the health & wellness for people living in our communities through the delivery of high-quality health focussed infrastructure. We subscribe to the position that better access to healthcare services leads to better health outcomes”.
HealthCo will be guided by a specialist advisory board of leaders across the private hospital, medical, childcare and financial services space.
Read the full ASX announcement here: https://bit.ly/3a74AaG