Barwon acquires Healthscope tenanted private hospital within La Trobe University campus

March 20, 2023 / Healthcare Property

Barwon Investment Partners (Barwon) is pleased to announce a partnership with Healthscope to develop La Trobe Private Hospital, located within La Trobe University and adjacent to the recently announced $5 billion University City of the Future Plan project at La Trobe’s Bundoora Campus. The hospital will be an integral component of La Trobe University’s planned Health and Wellbeing Hub.

Plans have been drawn up with the multi-million dollar stage one refurbishment commencing in Q1 2023 to deliver a leading private hospital with 34 beds, four theatres, day surgery and consulting suites operational in October 2023.

Master planning for the precinct is well underway including large scale expansion plans for the hospital adjacent to the stage one refurbishment. Multiple stages for the expansion have been planned, which include the development of additional beds, theatres and consulting suites with a focus on higher acuity surgery, making this hospital a flagship acute hospital in the Northern growth corridor.

Tom Patrick, Head of Healthcare Property at Barwon Investment Partners said, “The La Trobe Private Hospital represents an uncapped expansion opportunity. Plans for the coming years will include up-to a $200 million investment to ensure this becomes the leading private hospital in the growing Northern corridor. The partnership with La Trobe University will ensure this new medical facility will be a centre of excellence in clinical care, allied health education and training. We are excited to welcome Healthscope into Barwon’s portfolio and we look forward to a long-standing partnership to further develop this hospital and other opportunities over the years ahead.”

Healthscope is Australia’s only national private hospital operation and healthcare provider with a network of 39 hospitals that service every state and territory. Greg Horan, Healthscope CEO said, “We are thrilled to be partnering with Barwon Investment Partners to deliver this new facility over the various stages. Stage one works have now begun and upon completion, Melbourne’s northern suburbs will have a refreshed private hospital comprising new operating theatres, additional beds, consulting suites and areas for imaging, pathology and a café. We look forward to working together with Barwon through the various stages of development.”

The Healthscope La Trobe project signifies a milestone transaction for the Barwon Institutional Healthcare Property Fund (Fund) representing the culmination of the deployment of the majority of the $400 million equity raised by the Fund in 2021. Pleasingly, this takes the portfolio value of the Fund to over $1.5 billion. To date the Fund has exceeded its target rate of return, having delivered 13.20%1 p.a. total return since the Fund’s inception in 2016. Barwon plans to continue to raise additional capital for the Fund with a strategic capital raise of over $300 million in the next 12 months to support its continued growth, pipeline expansion and diversification.

The Fund currently comprises 26 healthcare properties valued at over $1.5 billion and continues to receive strong support from institutional investors. With the inclusion of undrawn funds, the Fund has the capacity to grow to over $2.0 billion. Barwon continues to actively invest in all sectors of healthcare real estate.

Should you wish to find out more on how to invest in the Fund, please contact Kate Hayward on


About Barwon Investment Partners
Barwon Investment Partners is an Australian fund manager with a 15 year track record of generating strong investment returns for institutional and wholesale clients. Barwon is independently owned with an experienced team of over 50 investment professionals focused on healthcare property, property finance and global investments.

Media Enquiries
Nina Dunn
Marketing & Communications Manager
Barwon Investment Partners
0410 526 362

1As at 31 December 2022

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