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NorthWest Healthcare closes C$85M acquisitions in Australia, New Zealand

NorthWest Healthcare Properties REIT closed acquisitions of medical facilities worth C$85 million in Australia and New Zealand, including the purchase of the Ormiston Hospital, Hirondelle Private Hospital and the Hills Clinic as part one of the company's key initiatives during and subsequent to the second quarter.

The company also wrapped up the C$45 million expansion at Frankston Private Hospital in Melbourne. The facility is fully leased on a 20-year term to Healthscope.