Misplaced Pages

Medicx Fund

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
The topic of this article may not meet Misplaced Pages's notability guidelines for companies and organizations. Please help to demonstrate the notability of the topic by citing reliable secondary sources that are independent of the topic and provide significant coverage of it beyond a mere trivial mention. If notability cannot be shown, the article is likely to be merged, redirected, or deleted.
Find sources: "Medicx Fund" – news · newspapers · books · scholar · JSTOR (September 2022) (Learn how and when to remove this message)
Medicx Fund
IndustryInvestment
HeadquartersIreland

Medicx Fund was an Irish property investment company listed on the FTSE SmallCap Index specialising in primary healthcare infrastructure backed by long-term Government contracts.

The company was registered in Guernsey and incorporated in 2006. In 2019, the firm was taken over by Primary Health Properties in 2019.

History

Medicx Fund was owned and managed by Octopus Healthcare. Its Irish portfolio, consisting of four primary care schemes currently up and running, with a fifth one in Rialto, Dublin due to be completed in early 2019, was valued at more than €60 million. The company bought a new primary healthcare centre in Tallaght for €15.5 million in 2017.

Medicx Fund purchased One Medical Group in June 2018 for £63.8 million. At the time, it owned 166 properties, 3 of which were still under construction, with a total value of valued at £719.7 million. Annual rent income is £43.9 million.

It was taken over by Primary Health Properties in 2019.

References

  1. "MedicX: An investment trust offering a 7.2pc income based on Government-backed contracts". Telegraph. 20 October 2015. Retrieved 31 August 2018.
  2. ^ "NEWS UK REITs PHP and MedicX merge to create £2.3bn healthcare business". IPE Real Assets. 24 January 2019. Retrieved 18 November 2022.
  3. "Octopus wraps tentacles around MedicX in £1bn deal". Citywire. 4 July 2014. Retrieved 31 August 2018.
  4. "Octopus keen to extend its reach in Ireland through MedicX fund". Irish Times. 3 July 2018. Retrieved 31 August 2018.
  5. "MedicX acquires primary healthcare centre in Tallaght for €15.5m". Irish Times. 29 May 2017. Retrieved 31 August 2018.
  6. "MedicX buys 12 primary care medical centres for £63.8m". Real Assets. 11 June 2018. Retrieved 31 August 2018.
Category: