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Swiss healthcare real estate company Infracore has finalized the pricing of its initial public offering (IPO) at 54 Swiss francs per share, valuing the company at around USD 1 billion. The listing is expected to begin on or around July 9 on the Swiss stock exchange. The company plans to raise approximately 200 million Swiss francs, with the proceeds to be used for acquiring additional hospital properties and repaying shareholder loans. Majority shareholder Medical Properties Trust may sell additional shares if investor demand exceeds the shares being offered.
Swiss healthcare real estate company Infracore has priced its initial public offering (IPO) at 54 Swiss francs per share and is expected to begin trading on the Swiss stock exchange on or around July 9. The offering values the company at around 826 million Swiss francs, or approximately USD 1 billion.
The IPO is expected to generate gross proceeds of about 200 million Swiss francs. Infracore said the funds raised will primarily be used to acquire additional hospital properties across Switzerland and repay shareholder loans amounting to slightly more than 55 million Swiss francs.
The company also stated that if investor demand exceeds the number of shares being offered, its majority shareholder, US-based Medical Properties Trust, may sell additional shares from its existing stake. Meanwhile, Aevis Victoria, the company's second-largest shareholder, intends to retain its investment and remain a shareholder after the listing.
Infracore owns a portfolio of 47 healthcare properties across Switzerland with a combined value of around 1.4 billion Swiss francs. The portfolio mainly consists of hospital real estate, reflecting the company's focus on healthcare infrastructure.
For the 2025 financial year, Infracore reported revenue of 66.1 million Swiss francs and recorded a net yield of 4.5%, highlighting the stable income generated from its property portfolio.
The IPO is being managed by Citigroup and Zürcher Kantonalbank, which are acting as joint global coordinators and bookrunners for the offering. The listing comes as healthcare real estate continues to attract investor interest due to its long-term lease structures and demand for essential infrastructure.
Source Reuters
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