northwest healthcare properties real estate investment trust said wednesday that it has scuttled plans to create a ukbased joint venture with an institutional investor earlier in june the canadian reit said it had come to an agreement with the investor which set the structure for the jv including an investment into its existing uk structure which holds a portfolio of 14 hospitals in the country the transaction for the jv which would have been 30 owned by northwest healthcare would have included the assumption of associated debt and other customary adjustments resulting which would have come to a net consideration of about 276 million canadian dollars 2085 million on wednesday northwest healthcare said it continues to believe in the attractiveness of the uk healthcare realestate fundamentals as well as its own diversified hospital portfolio having undertaken a robust capital formation process and met with numerous qualified investors who expressed interest in a uk joint venture the reit will continue to source an alternative partner to recapitalize its uk portfolio the reit said at 937 am et shares were down 6 at c723