August 08, 2024

Northwest Healthcare Properties REIT sells UK portfolio

Goodmans LLP acted as Canadian tax and securities law counsel to Northwest Healthcare Properties Real Estate Investment Trust in connection with the sale of its UK portfolio to Assura PLC for gross proceeds of C$885 million.

The UK portfolio comprises 14 private hospitals with an average of 36 registered beds per hospital.

Northwest is a leading owner and operator of healthcare real estate infrastructure in North America, Brazil, Europe and Australasia. The completion of this strategic sale transaction concludes Northwest’s previously announced strategic review process.

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Goodmans have excellent subject matter expertise and actionable strategy and advice. They give deep confidence of their ability to capably handle complex and sophisticated matters. — Chambers Canada
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Clients note, "They have a good team of very experienced lawyers who know the process, " adding, "They have a good bench strength." — Chambers Canada
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One interviewee reported, "The Goodmans team as a whole is excellent," adding: "The lawyers are very responsive and get the job done. It is of great assurance to have them as our legal advisers." — Chambers Canada
One client noted, "...they handled a very complicated transaction involving many jurisdictions and did a very good job. They are always able to make comparative decisions through a relatively simple way and try to balance risk and find solutions." — Chambers Canada
Clients note, "The client service at Goodmans has always been excellent, and they are very deep from a corporate and financing perspective." — Chambers Global
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Clients commend Goodmans for being, "very entrepreneurial in their culture, in addition to being able to provide sophisticated and excellent legal assistance." — Chambers Canada

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