Third-time lucky? Northwest lobs $2.7b bid for Australian Unity fund

Third-time lucky? Northwest lobs $2.7b bid for Australian Unity fund
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Canada’s NorthWest Healthcare Properties has sweetened its bid for Australian Unity’s unlisted healthcare real estate fund after two rejections, taking the offer to around $2.7 billion in total.
Australian Unity quietly posted the revised offer of $2.55 per wholesale unit on its website late on Tuesday afternoon.
Australian Unity’s portfolio includes the $20 million hospital planned at Robina on the Gold Coast.  
The offer is the third so far that the deep-pocketed Canadian investment platform has pitched. In March, it put up a $2.35 per unit bid, worth about $2.5 billion in total, after lobbing its initial offer of $2.20 in February. 

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