Private hospitals have defied the wider writedown in commercial property values after surging more than 15 per cent between March and December, according to the country’s biggest listed owner of healthcare property, ASX-listed HealthCo Healthcare & Wellness REIT.

The circa $200 million net valuation gain was recorded in a portfolio of 11 Healthscope-operated properties, which the REIT’s manager, David Di Pilla’s HMC Capital, acquired last year for $1.2 billion from a New York-listed property trust.