Overview
The MedicX Fund is a specialist primary care infrastructure investor in modern purpose-built primary healthcare properties, principally let to GPs and primary care trusts in the United Kingdom.
MedicX Fund is a self managed closed-ended investment company, incorporated in 2006 and domiciled in Guernsey. The Fund receives investment advice from MedicX Adviser, a member of the MedicX Group, which is a specialist investor in, developer of and manager of healthcare properties.
The key objective of the MedicX Fund is to achieve rising rental income and capital growth from the ownership of its growing primary healthcare portfolio.
Research History
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22 Feb 2019
QuotedData’s investment companies roundup – February 2019
QuotedData’s investment companies roundup – February 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2019. Kindly sponsored by Baillie Gifford. December’s sharp sell-off in technology and growth stocks reversed somewhat in January. This was […]
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18 Jan 2019
QuotedData's economic roundup - January 2019
QuotedData’s economic roundup – January 2019 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of […]
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12 Oct 2018
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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11 Jul 2018
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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11 Jun 2018
QuotedData's Economic round up – June 2018
QuotedData’s Economic round up – June 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 May 2018
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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18 Apr 2018
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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10 Jan 2018
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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10 Jan 2018
QuotedData’s economic round up – January 2018
QuotedData’s economic round up – January 2018 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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11 Dec 2017
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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12 Oct 2017
QuotedData investment companies roundup – October 2017
QuotedData investment companies roundup – October 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2017. Kindly sponsored by Baillie Gifford. October Investment Companies Roundup Amongst the top performers, Alternative Liquidity Fund sold its […]
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14 Jun 2017
QuotedData’s economic round up – June 2017
QuotedData’s economic round up – June 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]
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16 May 2017
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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10 Apr 2017
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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15 Mar 2017
QuotedData investment companies roundup – March 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. March Investment Companies Roundup
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14 Feb 2017
QuotedData investment companies roundup – February 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2017. Kindly sponsored by Baillie Gifford. February Investment Companies Roundup
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07 Dec 2016
QuotedData investment companies roundup – December 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2016. december-investment-companies-roundup
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13 Oct 2016
QuotedData investment companies roundup – October 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of September 2016. october-investment-companies-roundup
News
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18 Mar 2019
Primary Health Properties to acquire new Kew medical centre for £4.6mn
Primary Health Properties to acquire new Kew medical centre for £4.6mn – Following its merger with MedicX Fund, Primary Health Properties (PHP) has announced that forward funding is in place for it to acquire a new primary healthcare medical centre in Kew, London. The property is due to be completed in October 2019 and will […]
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15 Mar 2019
New shares in Primary Health tradeable following MedicX merger
New shares in Primary Health tradeable following MedicX merger – following on from the announcement on 14 March 2019 by MedicX Fund Limited and Primary Health Properties (PHP) that their merger had become unconditional in all respects, PHP announced that dealings in the new shares became effective at 8.00 a.m. today (March 15, 2019). The […]
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24 Jan 2019
Primary Health and MedicX to merge
Primary Health and MedicX to merge – The boards of Primary Healthcare Properties (PHP) and MedicX Fund have reached agreement on the terms of a recommended all-share merger between MedicX and PHP, which is intended to be structured as PHP acquiring the entire issued and to be issued share capital of MedicX. Under the terms of […]
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11 Dec 2018
MedicX is making progress and achieving notable milestones
MedicX Fund (MXF) has announced its final results for the year ended 30 September 2018. The company describes it as, “Another year of strong performance, reflecting progress and achieving notable milestones”. Financial highlights The announcement highlights the following from the financial results: 11.4% increase in EPRA earnings per Ordinary Share, from 3.5p per share to […]
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20 Apr 2018
MedicX acquires a new primary healthcare medical centre in Peterborough
MedicX acquires a new primary healthcare medical centre in Peterborough MedicX (MXF) has contracted to acquire a new primary healthcare medical centre in Peterborough. The property is due to be completed in April 2019. The completed development will be let to the GPs of the Nightingale Medical Practice in Peterborough. All leases will be for […]
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26 Feb 2018
Investment Trust Insider on primary healthcare
James Carthew: doctor your portfolio with a GP landlord Primary Healthcare Properties (PHP) last week announced results for the year to 31 December 2017. It is one of three listed funds investing in GP surgeries and other primary healthcare facilities in the UK and Ireland, the others being MedicX (MXF) and Assura (AGR). Most of […]
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22 Dec 2017
MedicX invests in Kilkenny
MedicX invests in Kilkenny – MedicX has announced its fifth acquisition in Ireland. The new member of the portfolio, Ayrfield Medical Park in Kilkenny, is a standing investment and has been purchased by way of a sale and leaseback to the doctors who developed the centre in 2011. In addition to the large GP practice, the […]
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12 Dec 2017
MedicX dividend cover has some way to go
MedicX dividend cover has some way to go – MedicX reports a 12.7% total return on EPRA NAV for the year ended 30 September 2017 as the EPRA NAV rose to 76.5p from 73.2p and EPRA earnings per share rose by 2.9% to 3.5p. The dividend of 6p, up from 5.95p was paid in four equal […]
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20 Nov 2017
MedicX invests in South Wales
MedicX invests in South Wales – MedicX Fund has contracted to acquire, by way of forward funding, a new primary healthcare medical centre near Glynneath in the Vale of Neath, South Wales. The property is due to be completed in September 2018. The acquisition is being made under the framework agreement which provides MedicX Fund […]
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17 Nov 2017
MedicX sells five properties
MedicX sells five properties – As part of its planned asset management activities, MedicX Fund has today, Thursday 16 November 2017, completed the disposal of five primary healthcare properties located in Wolverhampton, Southampton, Gravesend, Leicester and Grimsby. The total gross sale price was GBP5,575,000, representing a gain of approximately GBP250,000 over the most recent external […]
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13 Sep 2017
Shareholders approve MedicX's plant to become a REIT
Shareholders approve MedicX’s plant to become a REIT – the board of MedicX Fund Limited has announced that at the Extraordinary General Meeting of its Shareholders held at 4.30 p.m. on 12 September 2017, the special resolution proposing that the company becomes resident in the United Kingdom for tax purposes and enters the UK REIT […]
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31 May 2017
Manager bids for Dragon Ukrainian
Manager bids for Dragon Ukrainian Properties – Dragon Capital Investments Limited, part of the Dragon Capital Group, the Ukrainian investment and financial services group, announced that on 29 May 2017 it purchased 11,687,200 ordinary shares in Dragon-Ukrainian Properties and Development Plc amounting to approximately 10.69 per cent of the issued share capital of Dragon-Ukrainian Properties […]
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24 May 2017
MedicX makes fourth purchase in Ireland
MedicX Fund, has announced its fourth acquisition in Ireland having contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Tallaght, Dublin 24. This is the second scheme being developed under the Framework Agreement with Feasible Developments and the property is due to be completed in December 2017. Upon completion, the […]
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30 Mar 2017
MedicX buys two primary healthcare centres
MedicX Fund Limited has contracted to acquire two modern primary healthcare medical centres in Walsall and Birmingham from a private investor advised by investment manager Longmead Capital LLP. The property in Walsall is let in its entirety to NHS Property Services and the property in Birmingham is let to a GP practice, Birmingham and Solihull […]
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16 Mar 2017
MedicX plans to become a REIT
MedicX Fund Limited has announced that following a period of consultation, the directors have determined that it is in the best interests of shareholders as a whole to convert to a Real Estate Investment Trust (“REIT”). It is intended that an EGM will be held later this financial year, allowing shareholders the opportunity to vote […]
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13 Mar 2017
MedicX invests in new healthcare centre for Cromer
MedicX Fund Limited has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Cromer, Norfolk. The property is due to be completed in March 2018. The acquisition is being made under a new three year framework agreement which provides MedicX Fund the exclusive right to acquire, by way of […]
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27 Jan 2017
MedicX forms jv with developer
MedicX is entering a joint venture agreement with General Practice Investment Corporation Limited (“GPIC”), a leading developer of primary healthcare centres which has delivered over 200 schemes across the UK since it was established in 1995. A 50:50 jointly controlled company will be created which will be called GP Property Limited. GP Property Limited will be […]
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13 Dec 2016
MedicX delivers double digit return
Over the year to the end of September 2016 MedicX‘s EPRA net asset value rose by 3.4% to 73.2p. Together with the dividend, the total return on net assets was 11.8%. EPRA earnings per share rose from 3.7p to 3.8p. The total dividend for the year was 5.95p, up from 5.9p for the year before. […]
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19 Oct 2016
MedicX invests in Brynmawr
MedicX has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Brynmawr, South Wales. The property is due to be completed in November 2017. The acquisition is being made under the framework agreement with General Practice Investment Corporation (“GPI”) which was agreed in May 2013. The completed development will […]
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25 Jul 2016
MedicX buys primary healthcare centre in Dublin
MedicX Fund, the specialist primary care infrastructure investor in modern, purpose-built, primary healthcare properties in the United Kingdom and Ireland, is pleased to announce that it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Rialto, a suburb of Dublin. The property is due to be completed in […]
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24 May 2016
MedicX Fund sees its premium expand
MedicX Fund has announced its interim results for the six-months ended 31 March 2016. During the period, the company’s EPRA NAV has grown by 0.6% to 71.2p per share (30 September 2015: 70.8 pence per share) whilst its EPRA earnings were £6.8m, equivalent to 1.8p per share (31 March 2015: £7.0 million; equivalent to 2.0p […]
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10 Feb 2016
MedicX acquiring new primary care centre in Brynhyfryd, Swansea
MedicX Fund has announced that it has acquired a new primary healthcare centre, in Brynhyfryd, Swansea, by way of forward funding. The property is due to be completed in January 2017 and will be let to a GP practice, the Abertawe Bro Mogannwg University Health Board and a pharmacist. The company says that all leases […]
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23 Dec 2015
MedicX acquires new primary health centre in Crumlin, Dublin
MedicX Fund has announced that it has contracted to acquire, by way of forward funding, a new primary healthcare medical centre in Crumlin, a suburb of Dublin. The property is due to be completed in January 2017 and will be let to the Health Service Executive, a number of GPs and associated medical service providers. […]
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09 Dec 2015
MedicX fund grows post 8.3% NAV growth, now looking beyond the UK
MedicX fund grows post 8.3% NAV growth during the year MedicX Fund has announced its interim results for the year ended 30 September 2015. During the period, the company’s EPRA NAV increased by 5.4p to 70.8p per share, an increase of 8.3%. The company’s EPRA earnings were £13.4m. This is an increase of £4.7m or […]
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24 Nov 2015
Management fee cut for MedicX
The Board of MedicX Fund Limited has agreed to give Octopus Healthcare Adviser an extension to its notice period in exchange for a cut in fees. The announcement says the alteration to the fee structure, which applies to any fees payable on or after 1 October 2015, is designed to enhance shareholder value as the portfolio of […]
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03 Aug 2015
MedicX extends debt maturity
MedicX Fund Limited has announced that it has negotiated extended terms for the £50m private placement of loan notes issued in two tranches during August and December 2014. The renegotiation was facilitated by the original loan note arranger Independent Debt Capital Markets. The loan notes previously had a duration of five years maturing in August […]
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26 Jun 2015
MedicX makes first Irish investment
MedicX has announced that it is making its first foray into the Irish market with a €10.1m deal to fund a new primary healthcare medical centre in Mullingar, Westmeath. The property is due to be completed in August 2016. The completed development will be let to a number of GPs and the Health Service Executive […]
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10 Jun 2015
No surprise that Dragon Ukrainian suffered in 2014
Dragon Ukrainian Properties has published results for the year ended 31 December 2014. Over that period the net asset value fell from $168m to $92m. Almost all of Dragon Ukrainian’s assets, apart from one shopping mall owned by Arricano and located in Simferopol, were not directly affected by events in Crimea and Eastern Ukraine. The […]
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22 May 2015
MedicX sees half year profits rise 48.9%
MedicX Fund has announced its interim results for the half year ended 31 March 2015. The company reports adjusted earnings of £7.0 million during the period, an increase of £2.3 million or 48.9% year-on-year. Its adjusted net asset value increased 4.6% to 68.8p per share whilst the total share price return was 5.4% during the period. In terms of […]
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05 May 2015
MedicX issues loan notes to Standard Life
MedicX Fund has issued £50m worth of loan notes to Standard Life Investments. The loan notes mature on 30 September 2028. £25m has been drawn down now and the balance will be drawn down in September 2015. The interest rate on the notes is 3.838% per annum and this brings the weighted average cost of debt […]
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10 Dec 2014
MedicX expansion continues
MedicX has published results for the year ended 30 September 2014. Over that period its net asset value fell from 69.4p to 65.3p – about 6%. It paid dividends of 5.8p (up from 5.7p for the year before), so the total return on NAV was positive but these dividends were not covered by earnings and […]
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26 Aug 2014
MedicX Fund raises £50m through private loan note placement
MXF : MedicX Fund raises £50m through private loan note placement MedicX Fund has announced that it has raised £50m through the private placement of a loan note with a single institutional buyer. The loan notes mature in August 2019 and have an all-in interest rate fixed at 3.80%. The notes are secured against certain properties. £15 million of […]
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30 May 2014
MedicX Fund : MXF - interim results
MedicX Fund has published its interim results covering the six months ended 31 March 2014. Over the period its net asset value, calculated with debt at fair value, fell from 69.4p to 68.6p. The quarterly dividend is now running at 1.45p per share, implying a full year dividend of 5.8p – marginally up from 5.7p […]
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15 May 2014
MedicX : MXF buys new health centre
MedicX is buying a new health centre with an integral pharmacy for an anticipated £6.7m. The building, located in Peterborough, is due to be completed in June 2015. With this deal, MedicX has now committed over £500 million to its portfolio and has 134 primary healthcare facilities, five of which are under construction.
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30 Jan 2014
MedicX : MXF - new health centre in Glasgow
MedicX has announced that it has acquired a specialist primary care medical centre in Cardonald, Glasgow for £3.2m
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30 Dec 2013
MedicX : MXF - acquisition
MedicX has bought a primary healthcare centre in Ynyshir, Porth for £1.6m
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12 Dec 2013
MedicX : MXF
MedicX plans to buy a primary care medical centre in Buckley, Flintshire for £7.6m when it is complete in February 2015
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10 Dec 2013
MedicX Fund : MXF
Results for year ended 30 September 2013 show total shareholder return of 13.1%. Quarterly dividends running at 1.425p per quarter, equivalent to a yield of 7.1%. c70% of dividend covered by underlying earnings, NAV fell from 63.7p to 63.1p per share.
