Northwest floats a “mark 2” version of listing Vital Healthcare on ASX

Vital Healthcare Property Trust’s Wakefield Hospital. Source: Vital Healthcare

It was always inevitable that Vital Healthcare Property Trust's Canada-based manager would return with another proposal to achieve a listing on ASX.

Straight up, one thing I do like about the new proposal is that the manager, which is owned by the Toronto-listed Northwest Healthcare Properties Real Estate Investment Trust, has said that its first step is going to be consulting with unitholders, rather than throwing out a take-it-or-leave-it firm option.

That's probably wise because a similar proposal in 2020 ended in being shot down by unitholders.

And it also sounds quite conciliatory, given the fractious relations between Northwest and non-aligned unitholders between 2017 and the 2020 proposal.