N
orthwest Healthcare Properties Real Estate Investment Trust (TSX: NWH.UN) provides an update on Healthscope, its second-largest tenant. On May 26, 2026, Healthscope's parent entities entered receivership, with lenders appointing McGrathNicol Restructuring to oversee the sale of the business. The operational hospitals are not in receivership and will continue to operate under existing management.
Healthscope has secured a new $100 million funding package from Commonwealth Bank of Australia to support operations during the sale process. This is in addition to Healthscope's current cash balance of $110 million. Northwest intends to work with McGrathNicol and potential bidders as the sale process continues.
As of today, all rent owing to Northwest from Healthscope has been paid, except for rent subject to deferral arrangements disclosed on May 14, 2025. Healthscope continues to meet its lease obligations.
Northwest is a leading owner and operator of healthcare real estate infrastructure in North America, Brazil, Europe, and Australasia. Its portfolio includes 169 income-producing properties with 15.8 million square feet of gross leasable area. The REIT leverages its global workforce to serve as a long-term partner to leading healthcare operators.
The operational business remains focused on patient care under existing management. McGrathNicol's intention is to transition all hospitals to new ownership without plans for closures or redundancies.
