Real Asset Management Group completed the acquisition of Eden Private Hospital in Cooroy for A$28m.

Real Asset Management Group, an Australian wealth and asset manager, completed the acquisition of Eden Private Hospital in Cooroy, a comprehensive medical and rehabilitation facility, for A$28m. “RAM currently holds $1.6bn of real estate across retail, healthcare and office assets. Our aim is to acquire up to $1bn of new assets over the next 12 months, with a significant focus on healthcare assets. We believe that the market has undervalued healthcare assets by lumping them together with other commercial property assets like office blocks. Demographic and economic trends are supporting the value of healthcare properties more and more, presenting growth potential that has yet to be appreciated by the market,” Matthew Strotton, RAM Executive Director and Head of Real Estate.