HealthCo Healthcare and Wellness REIT (ASX:HCW) said the requisite support has been obtained from Healthscope's lenders for the transfer of 10 Healthscope hospitals owned by the company and the Unlisted Healthcare Fund to alternative hospital operators, according to a Monday filing with the Australian bourse.
The commercial terms of the proposed transaction, which is subject to customary approvals, are consistent with HealthCo's previous disclosures, the company said.
It added that Healthscope remains compliant with lease obligations and has paid all of the rent due through September.
The transfer will provide continuity of healthcare services across the hospitals while maintaining jobs for nurses and staff, HealthCo Healthcare said.
The company's shares gained 1% in recent Monday trade.