Australian Unity completed the acquisition of Western Hospital for $28.4m.

Australian Unity, a provider of investments, insurance, retirement living, personal finance, and healthcare services, completed the acquisition of Western Hospital, a private acute surgical and medical hospital, for $22.5m and an additional $5.9m to be invested in the future. “We continue to be approached with opportunities like the one at Western Hospital from market participants seeking a stable, Australian- based, capital partner that understands healthcare property and can take a long-term view. For those organisations, while pricing is an important consideration, the longer term performance and certainty of the capital partner is the higher priority," Chris Smith, Australian Unity Head of Healthcare Property.