Archive
61 bed private hospital sold for $30M
Apr 25 2013
1 min read
The Weekly Source

St Andrew’s Healthcare’ Westmead Rehabilitation Hospital has been sold by Colliers property agent Shane Nicholson for $29.86M. With 61 beds, it is located close to Sydney’s Westmead Hospital. Leases with tenants Pulse Health and Generation REIT had to be renegotiated to make the deal happen – resulting in a new yield of 8.75%.

Latest stories

The Weekly SOURCE

COVID-19 deaths in residential aged care keep rising: Greg Hunt, former Health Minister

You can read the submission here

Caroline Egan
16 May 2024
The Weekly SOURCE

The Aged Care Taskforce’s recommendations need the Govt and Opposition to come to a deal

Aged Care Minister Anika Wells has signalled that the Aged Care Taskforce’s recommendations are not dead in the water – but a bipartisan agreement is needed now to ensure that the Government can deliver on its promise of a sustainable, and...

Lauren Broomham
16 May 2024
The Weekly SOURCE

New Aged Care Act will be introduced to Parliament “as soon as we humanly can”

The Minister for Aged Care Anika Wells reassured aged care sector attendees of the Department of Health and Aged Care’s post-Budget briefing webinar on Wednesday that the Department is working busily behind the scenes on its response to the Aged...

Caroline Egan
16 May 2024
The Weekly SOURCE

Only in SATURDAY: Bed costs double in two years to $708K

Purchase a 12-month, $275 subscription here

Caroline Egan
16 May 2024