Impact Healthcare to raise funds for acquistions

Charles Wheeldon
June 22, 2022
Rupert Barclay - Impact Healthcare
Rupert Barclay, chairman of Impact Healthcare RIET

Healthcare properties investor Impact Healthcare REIT is equity fundraise via placing of shares and offer for subscription, both at 117p per share, for the acquisition of an identified pipeline of care homes.

The subscription will be for up to the sterling equivalent of €8 million.

The fundraise will put towards Impact Healthcare’s £169 million pipeline of acquisitions, with six portfolios comprising 27 separate care homes. Impact stated it has existing resources including £70 million in available debt headroom and will use the new debt and new equity for the completion of these opportunities.

Rupert Barclay, chairman of Impact Healthcare REIT, said: “The portfolio continues to perform well, benefiting from the over-arching defensive characteristics of the care home market, as well our careful selection of homes and tenants with proven financial track records, sustainable rents and facilities which allow for a high quality of care.

“The investment manager has continued to build a pipeline of investment opportunities which are consistent with the standards of our existing portfolio and allow for more portfolio diversification with some exciting asset management opportunities. Whilst equity capital market conditions remain challenging, this fundraise will allow us to secure a number of attractive investment opportunities and grow our inflation linked long leased REIT for the benefit of all stakeholders.”

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