UK-listed care home investor Target Healthcare has raised £80m through an oversubscribed share placement.
The REIT had targeted a fundraise of around £59m.
It increased the size of the placement to 72,398,191 shares at 110.5p per share.
Chairman Malcolm Naish said: “The success of this oversubscribed placing is a strong endorsement of our investment strategy and will enable us to continue with our efforts to grow the size and scale of the business.
“We have identified a significant pipeline of opportunities that will deliver strong returns to our investors while bringing tenant and geographic diversification to the portfolio and maintaining our commitment to owning the best quality care homes.”
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