Leading wealth manager Atlas Advisors Australia has become a substantial investor in the A$123 million Elanor Healthcare Real Estate Fund.
Executive Chairman of Atlas Advisors Australia, Guy Hedley said as the largest co-investor in the Elanor Healthcare Real Estate Fund, Atlas aimed to increase its participation in the fund and contribute to the addition of new assets.
The fund is uniquely established to target healthcare real-estate assets such as medical centers and day surgeries.
The fund currently comprises two Queensland properties purchased from Canada-based NorthWest Healthcare Properties Real Estate Investment Trust:
· A multi-tenanted medical office and day surgery at 55 Little Edward Street, in Spring Hill
· A medical office and day surgery at the Pacific Private in Southport
Both assets are located in established health precincts with strong anchor tenants and present strong returns and potential for capital growth.
Mr Hedley said the importance of healthcare assets came into special focus amidst the unprecedented impact of COVID-19.
“It is an opportunity to participate in a niche investment area with assets that make an important contribution to the Australian healthcare system,” Mr Hedley said.
Mr Hedley said the investment comes as Australia’s growing ageing population drives a revolution in healthcare management with greater preference for lower risk, coordinated and cost-effective treatment in day surgeries and shared private medical facilities.
Statistics show a growing trend towards day hospitals and shared private medical facilities for elective surgery. There were around 2.3 million elective admissions involving surgery in 2017-18 with 66 per cent of these occurring in private hospitals.
There are around 300 private day hospitals across Australia.
“Day surgeries are a more efficient way of delivering quality care to elderly patients undergoing elective surgery,” he said.
In addition to the ageing population, demand for more convenient healthcare experiences is expected to propel growth in same-day healthcare surgery.
“With strong growth anticipated in this health sub-sector, we will be looking to partner in the acquisition of additional high quality heathcare assets.”