Impact Healthcare will have no further fundraising in 2018- Impact Healthcare REIT (IHR) will not have any further fundraising in 2018 after they have decided that they no longer wish to acquire a portfolio of UK care homes consisting (announced of 24 October 2018) of 2,500 beds. The company has not announced why they no longer want to go through with the acquisition.
On 24 October 2018, Impact announced that they wanted to do some fundraising to acquire the care homes. They planned to raise a total of £150 million to finance the acquisition. Impact was planning on using Winterflood Securities and RBC Capital Markets as joint bookrunners for the fundraising. This fundraising was needed because Impact had already committed the majority of its £240 million of equity and debt capital raised from the its IPO in March 2017.
Impact Healthcare still plans on raising equity capital in 2019 and is still in talks with the vendor of the UK care homes that they were interested in purchasing. The company believes that this investment is still in line with their investment criteria and return portfolio.
IHR-Impact Healthcare will have no further fundraising in 2018