On 24 October 2018, the Board of Impact Healthcare REIT plc (ticker: IHR) announced that it was in advanced negotiations to acquire an identified pipeline of attractive investment opportunities including a portfolio of UK care homes with over 2,500 beds (the “Target Portfolio”).
Further to this announcement, the Company has decided not to exchange contracts on the acquisition of the Target Portfolio during 2018 and, therefore, will not proceed with an equity fundraising prior to the year-end.
The Company remains in discussions with the vendors of the Target Portfolio and of other attractive investment opportunities and expects to raise equity capital in 2019. These potential investments are in line with the Company’s investment criteria and return profile and are expected to deliver further value for its shareholders. The Company and its Investment Adviser will continue to exercise robust capital discipline to deliver value at the point of acquisition or investment.
The Company will make further announcements in due course.
For further information please contact:
Impact Health Partners LLP via Newgate Communications
Winterﬂood Securities Limited
Tel: 020 3100 0000
RBC Capital Markets
Tel: 020 7653 4000
Newgate (Communications Adviser)
Tel: 020 7680 6550
The Company’s LEI is 213800AX3FHPMJL4IJ53.
Further information on Impact Healthcare REIT is available at www.impactreit.uk