Dexus Healthcare Property Fund (DHPF) has acquired Southport Private Hospital, a 90-bed mental health and rehabilitation facility in Queensland, Australia, for A$51 million ($33 million).
This represents the first transaction for the fund following its fully subscribed A$220 million ($140 million) equity raise in July.
Southport Private Hospital is operated by Ramsay Health Care, a major healthcare provider which, in 2022, committed to achieving net-zero greenhouse gas emissions across its value chain by the year 2040. The Southport Private Hospital provides comprehensive mental health and rehabilitation services to the Gold Coast and wider community.
“We are pleased to extend our partnership with Ramsay Health Care through the acquisition of this high-quality hospital, while supporting the delivery of essential health services to the Southport community,” said Jemma