Australia's Dexus Property joins Ramsay Health Care in hospital play
21-Jul-16, The Australian
Dexus Property Group is making a move into the AUD172 bn (USD128 bn) healthcare sector, forging a partnership with Ramsay Health Care.
%20Richard%20Polden.jpg "Australias Dexus Property joins Ramsay Health Care in hospital play (c) Richard Polden")
Image: Richard Polden
The office property giant has joined forces with the private healthcare provider founded by the late Paul Ramsay to build a 128-bed private hospital in Sydney’s St Leonards that will help consolidate the precinct as the country’s primary medical hub.
Dexus controls a 2.6ha site next to North Shore Private Hospital and will develop the hospital to be managed and operated for Ramsay Health on a rental basis.
The group is understood to have struck the agreement with Ramsay Health Care at a time when healthcare opportunities are becoming more attractive.