ASX:HCW

4 stories mentioning ASX:HCWUpdated 50d ago

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HealthCo Healthcare and Wellness REIT Begins Tenant Covenant Quality Uplift, Says Jefferies

HealthCo Healthcare and Wellness REIT (ASX:HCW) is seeing the beginning of a material uplift in tenant covenant quality through a lease transfer to a state government-backed counterparty, signaling potential dividend reinstatement, Jefferies said in a note on Thursday.The company disclosed Thursday that troubled hospital operator Healthscope, from which HealthCo owns 11 private hospitals, reached an agreement to surrender its existing lease of Mount Private Hospital in Western Australia to Bethesda Health Care.This update provides clearer timing on Healthscope's restructuring process, the investment firm said.Jefferies said the REIT appears undervalued, trading at a 53% discount to net tangible assets, and sees potential for dividend reinstatement in fiscal year 2027.The brokerage maintained a hold rating on HealthCo Healthcare and Wellness REIT with a price target of AU$0.75.

ASX:HCW

Asia51d ago

Australian Shares Plunge; HealthCo Healthcare and Wellness REIT Discloses Mount Private Hospital Agreement

Australian shares plunged on Thursday as oil prices jumped after the US and Iran traded military strikes.The S&P/ASX 200 Index dropped 1.43%, or 124.80 points, to close at 8,592.90.Brent crude oil futures surged over 3% to nearly $98 per barrel after the US and Iran both said they targeted each other's military sites, casting a pall over hopes of a peace deal in the Middle East.On the domestic front, Australian total household spending in April was AU$79.42 billion, up 4.9% compared with April 2025, and down 1.1% month-on-month on a current price, seasonally adjusted basis, according to a report from the Australian Bureau of Statistics.Total new capital expenditure in Australia in seasonally adjusted terms was AU$52.57 billion in the March quarter, up nearly 15% on the same period last year, according to figures from ABS.In company news, HealthCo Healthcare and Wellness REIT (ASX:HCW) said the Unlisted Healthcare Fund and troubled hospital operator Healthscope reached an agreement with Bethesda Health Care for the Mount Private Hospital in Western Australia.Goodman Group (ASX:GMG) was selected as the lead development partner for Asamizodai-Araisono North Association, an association of local landowners and stakeholders, which is working on plans for a potential new data center campus in Sagamihara City in Japan.Lastly, SiteMinder (ASX:SDR) launched its SiteMinder Powered capability, which allows select hospitality technology firms to integrate the company's distribution engine directly with their own platforms. Hospitality operating system Mews, the inaugural partner under the new capability, will integrate SiteMinder's distribution engine natively into its platform.

ASX 200ASX:GMGASX:HCWASX:SDR

Asia51d ago

ASX Preview: Australian Shares Likely to Drop; HealthCo Healthcare and Wellness REIT Discloses Mount Private Hospital Agreement

Australian shares are set to drop on Thursday as the major Wall Street indices reached new records on fractional gains.Overnight, the S&P 500 and the Nasdaq Composite rose just 0.02% and 0.1%, respectively, reaching new record highs, while the Dow Jones Industrial Average rose 0.4%.Brent crude oil futures traded under $95 per barrel as investors await developments around a potential US-Iran peace deal.In the macroeconomy, Australia's consumer price index rose 4.2% in the 12 months to April, down from a 4.6% increase in the year to March, the Australian Bureau of Statistics reported Wednesday. Trimmed mean inflation came in at 3.4% in the 12 months to April, up from 3.3% in the year to March.The monthly household spending indicator data is expected to be released at 9:30 am Sydney time.In corporate news, HealthCo Healthcare and Wellness REIT (ASX:HCW) said the Unlisted Healthcare Fund and troubled hospital operator Healthscope reached an agreement with Bethesda Health Care for the Mount Private Hospital in Western Australia.Shape Australia (ASX:SHA) agreed to acquire Australian Professional Shopfitters from Handa Manufacturing for up to AU$29.4 million.Forrestania Resources (ASX:FRS) identified high-grade gold mineralization during a recent drilling at its Lady Lila gold project in Western Australia. The results were up to 21 meters at 2.5 grams per tonne gold from 21 meters, including one meter at 15.9 grams per tonne gold from 21 meters.Australia's benchmark S&P/ASX 200 Index increased by 0.7%, or 59.9 points, to close at 8,717.70 on Wednesday.

ASX 200ASX:FRSASX:HCWASX:SHA

Asia51d ago

HealthCo Healthcare and Wellness REIT Discloses Mount Private Hospital Agreement Between Healthscope, Bethesda Health Care

HealthCo Healthcare and Wellness REIT (ASX:HCW) said the Unlisted Healthcare Fund and troubled hospital operator Healthscope reached an agreement with Bethesda Health Care for the Mount Private Hospital in Western Australia, according to a Thursday filing with the Australian bourse.As part of the operator agreement, Healthscope will surrender its existing lease, and Bethesda will start its new long-term lease in the first quarter of fiscal 2027.The Western Australia state government will provide financial support to Bethesda to facilitate the transition of the Mount Private Hospital, while the state's public healthcare system will engage the hospital's facilities for services such as elective surgeries to help alleviate pressure on the public waiting list, per the filing.The face rent will remain unchanged, and the Unlisted Healthcare Fund will provide rental incentives in line with previous disclosures.Meanwhile, Healthscope's receiver has granted a due-diligence period to alternative operators for all 27 of its remaining hospitals as the parties work to ensure continuity of service and an orderly transition.HealthCo Healthcare said it has executable new lease agreements in place for 10 other Healthscope hospitals on a state-by-state basis with Healthe Care in Victoria, Acurio Health in New South Wales, and KnG Healthcare in Queensland.The company and Unlisted Healthcare Fund have received all the rent due from Healthscope through May.

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