Building Magazine


News

NorthWest acquires Brazilian hospital


NorthWest International Healthcare Properties REIT has acquired Hospital e Maternedade Brasil (HMB) located in suburban São Paulo, Brazil from Rede D’Or São Luiz S.A. for approximately C$120 million. Concurrent with the sale, Rede D’Or entered into a fully net 25 year leaseback of the property with an initial annual rent of approximately C$12.3 million. The acquisition represents the REIT’s second investment in Brazil.

At approximately 342,000 square feet and with 305 beds, HMB is the largest full-service hospital in Santo Andre, a suburb of São Paulo, located approximately 30 km south of the city centre.  HMB is operated by Rede D’Or, a privately owned Brazilian hospital operator with 26 hospitals across the country and a dominant presence in Rio de Janeiro under the “D’Or” hospitals brand; São Paulo under the “São Luiz” brand and Brasilia under the “Santa Lucia” brand. Rede D’Or is the largest network of private hospitals in Brazil.


Print this page



Related


Sponsors



Have your say:

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>