Target Health raises £45.6m

Marion Dakers
TARGET Healthcare is set to start trading on the London Stock Exchange this morning after raising £45.6m, slightly below its original goal.

The real estate investment trust, which buys UK care homes, has sold 47.5m new shares to institutional investors, wealth managers and individuals at 100p per share through broker Winterflood.

Target said last month that it wanted to raise more than £50m to spend on new properties.