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SPH acquires six aged care assets in Canada for C$232.9 million

Assets comprise five properties in Ontario and one in Saskatchewan

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Published Wed, Feb 26, 2020 · 09:50 PM

    Singapore

    SINGAPORE Press Holdings (SPH) is acquiring six aged care assets in Canada for some C$232.9 million (S$244.5 million), the media and property group said on Wednesday. This is the group's second investment in the aged care space announced this week.

    "These acquisitions are in line with the group's strategy of expanding its aged care and healthcare business in overseas markets with favourable demographics," SPH said.

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