HealthCo confirms Healthscope has fully paid rent
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The news: Troubled hospital operator Healthscope has fully paid rent due to HMC Capital’s HealthCo Healthcare and Wellness REIT, including previously deferred payments.
The numbers: Following aggregated receipt of settled and exchanged asset sales in FY26 of $68.8 million, HealthCo said its June 2025 pro-forma cash and undrawn debt was $137.5 million.
June 2025 pro-forma gearing was 29.2%, which is below the 30% to 40% target gearing range.
The context: HealthCo and the Unlisted Healthcare Fund have now collected “all rent due and payable” since its original portfolio transaction in 2023. Healthscope represents 59% of total income on a look through basis for HealthCo.
HealthCo has conditional agreements with alternative tenants at all 11 hospitals currently leased to Healthscope, as previously announced.
Final lease agreements to be entered if the receiver-led sale of Healthscope does not “result in one or more proposed assignees and lease arrangements which the landlords consent to”.
HealthCo also noted media speculation that Healthscope could be reconstituted as a not-for-profit, but said it had not received any proposal from the hospital operator or its advisers relating to such a plan.
The source: ASX
