Medicx Fund

Medicx Fund was an Irish property investment company listed on the FTSE SmallCap Index specialising in primary healthcare infrastructure backed by long-term Government contracts.[1]

Medicx Fund
IndustryInvestment
Headquarters
Ireland

The company was registered in Guernsey and incorporated in 2006. In 2019, the firm was taken over by Primary Health Properties in 2019.[2]

History

Medicx Fund was owned and managed by Octopus Healthcare.[3] Its Irish portfolio, consisting of four primary care schemes currently up and running, with a fifth one in Rialto, Dublin due to be completed in early 2019, was valued at more than €60 million.[4] The company bought a new primary healthcare centre in Tallaght for €15.5 million in 2017.[5]

Medicx Fund purchased One Medical Group in June 2018 for £63.8 million. At the time, it owned 166 properties, 3 of which were still under construction, with a total value of valued at £719.7 million. Annual rent income is £43.9 million.[6]

It was taken over by Primary Health Properties in 2019.[2]

References
  1. "MedicX: An investment trust offering a 7.2pc income based on Government-backed contracts". Telegraph. 20 October 2015. Retrieved 31 August 2018.
  2. "NEWS UK REITs PHP and MedicX merge to create £2.3bn healthcare business". IPE Real Assets. 24 January 2019. Retrieved 18 November 2022.
  3. "Octopus wraps tentacles around MedicX in £1bn deal". Citywire. 4 July 2014. Retrieved 31 August 2018.
  4. "Octopus keen to extend its reach in Ireland through MedicX fund". Irish Times. 3 July 2018. Retrieved 31 August 2018.
  5. "MedicX acquires primary healthcare centre in Tallaght for €15.5m". Irish Times. 29 May 2017. Retrieved 31 August 2018.
  6. "MedicX buys 12 primary care medical centres for £63.8m". Real Assets. 11 June 2018. Retrieved 31 August 2018.
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