Australia's HealthCo REIT jumps as Healthscope resolution clears way for distribution reinstatement

By Reuters News

** Shares of Australia's HealthCo Healthcare & Wellness REIT HCW.AX rise as much as 9.9% to A$0.775, posting their biggest intraday pct gain since May 28

** Stock hits its highest level since September 18

** REIT says it has completed agreements for the remaining 10 Healthscope hospitals in its portfolio

** Says new operators will take over the hospitals, allowing distributions to unit holders to resume

** Says transition to new hospital operators is targeted for completion by November 30

** Stock up 5.5% YTD, including session moves

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