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    Become a Deals+Insights member to read Rent reduction for BMI as Netcare reportedly writes investment down to zero Find out more
HBI Deals+Insights / News

Rent reduction for BMI as Netcare reportedly writes investment down to zero

Cameron Murray September 27, 2018
UK hospital operator BMI Healthcare is close to a 40% rent reduction with its major landlord, while South African majority owner Netcare has reportedly "written its investment down to zero". Hedge funds with a position in BMI's property arm debt have injected equity into BMI's holding company, say reports, although Netcare's CEO says that "no disposal transaction has yet been concluded."
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