Impact Healthcare REIT launches share placing

Impact Healthcare REIT is to issue up to 200m new ordinary shares in a share placing programme as it looks to raise capital to invest in its portfolio. The business has invested or committed the majority of the £240m it has raised since its IPO in March 2017. Impact Healthcare REIT said its investment adviser, Impact Health Partners, was in negotiations on more than £400m of potential acquisitions. Of these, 12 potential near-term transactions are under review by the investment adviser, and solicitors have been instructed on four transactions, two of which could potentially exchange soon. In addition, organic growth opportunities have been identified in the company’s existing portfolio, which could add more than 500 beds. Impact Healthcare REIT has also submitted its application to have its entire issued share capital of 192,206,831 ordinary shares of 1p each to be admitted to the premium listing segment of the Official List and to trading on the premium segment of the main market of the London Stock Exchange. Admission is expected to occur on 8 February 2019.   To send feedback, e-mail louise.dransfield@egi.co.uk or tweet @DransfieldL or @estatesgazette