Mount Hospital sells for $147 million

Sharemarket‑listed real estate investment trust Healthco Healthcare & Wellness REIT has made its first foray into the Perth market, settling on the Mount Hospital for $147 million.

Vendor MPT Australian Services took a substantial loss on the deal, having acquired the property just four years ago for a little under $200 million.

The sale is part of a $1.2 billion deal, announced earlier this year, in which Healthco agreed to buy four of the 11 hospital properties owned by the US-based MPT.

The other seven would go into a new unlisted fund. It was expected to take Healthco's funds under management to $7.5 billion.

The hospitals were all originally purchased by MPT in 2019 and are leased to Healthscope.

MPT put the hospitals on the market last year and reportedly fielded interest from other suitors, including HMC Capital, Dexus and Northwest Healthcare.