Deal profile | Gadens advises Barwon Investment Partners on the acquisition of John James Private Hospital in Canberra

Gadens has advised the Barwon Institutional Property Healthcare Property Fund, managed by Barwon Investment Partners, in relation to both the acquisition and the financing of the acquisition of John James Private Hospital in Canberra.

The Barwon Healthcare Property Fund launched in September 2014 and targets healthcare related properties such as hospitals, private specialist facilities, day surgeries and medical centres and other healthcare assets. The acquisition of John James Private Hospital is a milestone investment for Barwon Healthcare Property Fund and is now their most significant healthcare related asset, adding to the existing string of local medical centres and health facilities.

Gadens acted in relation to the acquisition of the Hospital, including undertaking due diligence activities in relation to the land and negotiating and settling the contracts of sale for the transfer of Crown Leases to the Barwon Investment Partners entity. Gadens also advised on the financing of the acquisition as well as the establishment of the general financing structure for the Barwon Institutional Healthcare Property Fund.

Firms involved: Gadens (acted for Barwon Investment Partners), Ashurst (acted for the lender, ANZ Bank), Clayton Utz (acted for John James Memorial Foundation on the disposition of the property).

Deal value: In excess of $100 million.

Deal area: Real Estate and Banking and Finance

Key team members: Gadens partners Andrew Kennedy (Real Estate) and Doug Scobie (Banking and Finance) led the team which included Sean Huggins (Senior Associate, Real Estate), Harveen Dhaliwal (Lawyer, Banking and Finance) and Michael Mercier (Lawyer, Real Estate).

Deal significance:

John James Private Hospital offers an extensive range of services from general medical and rehabilitation through to both day and overnight surgery services, hydrotherapy pool, maternity services and paediatric surgery.