Swiss hospital‑property specialist Infracore filed an IPO on the SIX Swiss Exchange, aiming for a market value of 826 million Swiss francs (about $1.02 billion). The company will offer up to 5.6 million shares at 54 francs each, including 3.7 million newly issued shares, a price that represents roughly a 7% premium to its last private valuation. Trading is set to begin on July 9 after the offer period closes July 7.

The issue targets roughly 200 million francs, with Medical Properties Trust’s Swiss subsidiary—Infracore’s biggest shareholder—selling up to 1.9 million shares. Asset managers Cohen & Steers and Swiss Finance & Property Group have committed between 75 million and 80 million francs, underscoring confidence in the niche. Founded in 1997, Infracore now owns 47 hospital properties worth about 1.4 billion francs, providing a steady rent roll anchored by long‑term leases.

Proceeds will fund pipeline development, fuel the growth strategy and retire existing shareholder loans. By converting a stable, long‑term demand asset class into publicly traded equity, Infracore offers investors direct exposure to Swiss healthcare‑real‑estate cash flows, a sector traditionally dominated by private funds. The flotation, the largest Swiss‑listed hospital‑property IPO, pushes the market cap above the 800‑million‑franc threshold, cementing its role as a benchmark for future listings.