LONDON: Private equity firms KKR and Stonepeak have increased their cash offer for Assura plc, a UK-based healthcare property company, in a bid to outcompete a rival takeover attempt by Primary Health Properties (PHP). The consortium, operating through newly formed Sana Bidco Limited, announced Wednesday its “best and final” cash offer of 50.42 pence per…
LONDON: Kohlberg Kravis Roberts & Co (KKR) has reached agreement on the terms of a recommended cash offer for the entire issued and to be issued ordinary share capital of Assura Plc for 49.4 pence in cash per share. The Assura Directors, who have been so advised by Lazard as to the financial terms of…
LONDON: On 3 April 2025, Assura plc announced that its Board had received a revised indicative proposal from Primary Health Properties plc (PHP) concerning a potential share-and-cash offer for the company. Known as the PHP Proposal, the offer was structured on an adjusted net tangible assets (NTA) exchange ratio. Under the terms of the proposal,…
LONDON: Assura plc, the UK’s leading diversified healthcare REIT, announced that it is in the process of applying for a secondary inward listing on the Main Board of the Johannesburg Stock Exchange (JSE) by way of an introduction. Assura believes that admission to trading of the shares on the JSE will be beneficial to the…
LONDON: Assura plc, the UK’s leading diversified healthcare REIT, has announced the successful sale of 12 assets for cash proceeds of £25 million. The sale price aligns with the current book value of these assets, and the proceeds will be used to partially repay the Group’s revolving credit facility. This sale is part of Assura’s…
LONDON: Assura plc, the specialist healthcare property investor and developer, has appointed Steven Noble to the newly created role of Chief Investment Officer (“CIO”) to support the business’ short and long-term growth strategy. Steven joins the business effective immediately and will be responsible for implementing Assura’s investment strategy across all healthcare markets, including delivery of…
LONDON: Assura plc has agreed with Northwest Healthcare Properties to acquire its fully operational UK Private Hospital Portfolio comprising 14 assets for a consideration of £500 million. This will be fully funded through a mix of cash and shares. Assura believes there is significant opportunity in the structurally-supported private hospital market with strong growth potential and attractive…
Assura PLC (LSE: AGR) is a British-based property business headquartered in Warrington. It designs, builds, invests in and manages General Practitioner (‘GP’) and primary care buildings in the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The business invests in and develops primary care buildings…