ASX-listed HealthCo buys eight oncology clinics for $81m | Healthcare Asia Magazine
, Australia

ASX-listed HealthCo buys eight oncology clinics for $81m

It has also formed a JV with Acurio to develop a private hospital in NSW.

ASX-listed HealthCo is acquiring eight private oncology clinics with triple-net leases from GenesisCare for $81.27m (A$110.3m), the company announced in a bourse filing.

Following the acquisition, Genesis Care will continue to operate each centre. GenesisCare operates over 440 clinics across the globe, including 370 radiation therapy treatment centres in Australia, the USA, the UK, and Spain.

At the same time, HealthCo has formed a joint venture with Acurio Health Group to acquire and develop a 5 HA integrated private hospital anchored health precinct in Camden, New South Wales, with an initial land acquisition investment by the former of $21.5m (A$29.2m).

In addition, the joint venture will develop an integrated health and innovation precinct, stages 2 and 3, with a potential end value of at least $368.11m (A$500m).

For stage 1 of the project, HomeCo has agreed on terms to fund at least $51.54m (A$70m) of CAPEX and construction is expected to begin by October.

Follow the link for more news on

Join Healthcare Asia Magazine community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!