Northwest Healthcare Properties was founded by
Paul Dalla Lana in
Toronto in 2004. As a part of Northwest Value Partners, Northwest Healthcare Properties initially started as a local healthcare real estate business in Ontario, Canada and then expanded to Quebec, Alberta, Nova Scotia, Manitoba, and New Brunswick. Northwest Healthcare Properties became public after its
Initial Public Offering (IPO) in 2010. Following its IPO, the company acquired 17 additional properties worth $400 million across Canada by the end of 2014. In 2012, the REIT expanded to Germany by acquiring The Aldershof health center and, and then in the following year, acquired Medicum Muensterfeld located in Fulda, Germany. Northwest acquired
Hospital Infantil Sabará located in the Paulista district of
Sao Paulo, Brazil in the same year. In 2019, Northwest Healthcare Properties announced the acquisition of Medimall in Rotterdam, marking its entrance into the Netherlands. Northwest Healthcare Properties initiated its operations in the UK by owning a portfolio of six hospitals worth $167 million in London in 2020. Northwest Healthcare Properties bought four hospital portfolios worth $454 million in the UK in the same year. The REIT spent $71.58 million in a joint venture with GIC, a Singaporean fund management company, to buy Brisbane Hospital in Queensland, Australia. The joint venture fund further raised $2.4 billion in the same year for various healthcare projects and reached a total fundraising of over $6 billion. == References ==