Ownership of Vital Healthcare manager moves to Canadian reit

Ownership of Vital Healthcare Property Trust’s manager has passed from a private Canadian company to a listed real estate investment trust controlled by the same group.

The NZX-listed Vital trust’s manager, Vital Healthcare Management Ltd, was owned by NorthWest Value Partners Inc. It transferred ownership on 28 January to its affiliate, NorthWest International Healthcare Properties REIT, as part of an internal restructure effective 1 January.

The reit is listed on the Canadian TSX Venture Exchange and is an unincorporated, open-ended real estate investment trust established under Ontario law.

Vital said there was no change in the governance or management arrangements of the manager, of Vital or in the ownership of Vital.

Attribution: Company release.

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