PHP sweetens Assura bid amid ongoing contest with KKR Property Primary Health Properties (PHP) has offered a number of concessions to Assura as it fights to beat private equity giant KKR in its bid for the real estate investment trust. PHP, which has already made a number of bids for Assura – the latest at 51.7p per share, or £1.68bn – pledged to lower Assura’s [...]
KKR lashes out against PHP in Assura bidding war Investing Private equity giant KKR has lashed out against rival PHP in its bidding war for GP landlord Assura, arguing that a takeover by its competitor would risk scrutiny from the regulator. In a stock exchange notice this morning, KKR argued that its offer for Assura was “superior” as opposed to the PHP offer which comes [...]
PHP makes surprise third approach for Assura at £1.68bn News Primary Health Properties has made a third approach for Assura as the war for the real estate investment trust heats up. PHP has offered £1.68bn for Assura, valuing its share price at 51.7p – a premium of 38.2 per cent to the company’s closing share price of 37.4 pence on February 13. This is the [...]
Assura rejects £1.5bn offer as ‘not sufficient’ amid new ‘fair’ KKR bid April 9, 2025 Real estate investment trust Assura has rejected a £1.5bn offer from fellow GP landlord Primary Health Properties (PHP) as too low, and received a fresh bid from KKR. After the development was confirmed, Assura’s share price rose nearly six per cent in early trades. The rejection of the PHP offer follow the refusal last month of [...]
GP landlord Primary Health Properties makes new offer for peer Assura April 3, 2025 GP landlord Primary Health Properties (PHP) has made a new offer for FTSE 250 healthcare real estate investment trust peer Assura, offering a £1.5bn merger to the REIT. PHP has offered £1.5bn for the trust, which would see Assura’s shareholders owning about 48 per cent of the combined group’s shares, which would become the eighth [...]
GP landlord PHP brings in £2.7m of new rent October 16, 2024 Primary Health Properties (PHP) added £2.4m in rent over the last nine month, increasing its rental revenue by three per cent on an annualised basis. The GP landlord, which published its trading update ahead of a capital markets day today, had stronger growth in indexed leases in the UK and Ireland (4.5 per cent growth), [...]
GP landlord PHP welcomes Labour government amid portfolio dip July 24, 2024 GP landlord Primary Health Properties (PHP) saw its portfolio valuation dip 1.4 per cent over the last year, with the company welcoming the new Labour government's commitment to the NHS.