John Laing completes acquisition of hospital

John Laing Infrastructure Fund (JLIF) has completed its acquisition of the Forth Valley Royal Hospital, valued at 30m pounds.

This follows this FTSE 250 constituent's recent successful capital raise of £60.4m.

Andrew Charlesworth from John Laing Capital Management, the fund manager to JLIF, said: "We are delighted to announce the acquisition of the remaining stake in Forth Valley Royal Hospital.

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"100% ownership of this high quality asset offers an exciting development for the fund, and represents the second completed acquisition following the recent capital raise. We anticipate the acquisition of the remaining asset in this portfolio from John Laing, Pembury Hospital, to complete in the near future."

CM