HMC Capital (ASX:HMC) said it is in "advanced discussions" with multiple alternative hospital operators to potentially find a new tenant for the hospitals currently leased to cash-strapped Healthscope, according to a Tuesday filing with the Australian bourse.
The company said Healthscope has paid part rent over March and April. HMC Capital's HealthCo Healthcare & Wellness REIT (ASX:HCW) and Unlisted Healthcare Fund (UHF) have cross-default rights in case Healthscope breaches its lease, per the filing.
HMC Capital also mentioned media reports on the possibility of Healthscope entering into receivership or administration if it fails to secure an agreement with its lenders.
HMC Capital's shares were down 7% in recent trade.
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