Swiss Hospital Landlord Infracore Targets $1 Billion Valuation in IPO

Dow Jones06-30
 
 

Swiss healthcare-property specialist Infracore said it is launching an initial public offering on SIX Swiss Exchange, targeting a valuation of 826 million Swiss francs ($1.02 billion).

Infracore plans to raise about 200 million francs through the issue of new shares as part of the IPO, it said Tuesday. The offering will consist of up to 5.6 million shares, of which 3.7 million will be newly issued, at 54 francs each, it added.

The company's largest shareholder, a subsidiary of Medical Properties Trust, plans to sell up to 1.9 million shares as part of the IPO, Infracore said. Meanwhile, Infracore also received commitments from Cohen & Steers and Swiss Finance & Property Group to invest a combined total of between 75 million and 80 million francs, it said.

Fribourg-based Infracore expects the offer period to end on July 7, after which it will determine the IPO size, with trading on SIX Swiss Exchange scheduled to start July 9, it added.

The company plans to use IPO proceeds to develop its pipeline, support its growth strategy and repay shareholder loans. Infracore was founded in 1997 and manages a portfolio of 47 properties valued at about 1.4 billion francs.

"As a specialized owner and developer of hospital properties in Switzerland, we have a strong market position in an environment characterized by stable, long-term demand," Infracore Chief Executive Eric Frey said.

 

Write to Adria Calatayud at adria.calatayud@wsj.com

 

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June 30, 2026 03:06 ET (07:06 GMT)

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