{"id":264656,"date":"2025-10-29T13:03:39","date_gmt":"2025-10-29T14:03:39","guid":{"rendered":"https:\/\/www.premium-partners.net\/?p=264656"},"modified":"2025-10-29T15:18:15","modified_gmt":"2025-10-29T15:18:15","slug":"primary-health-properties-gets-competition-green-light-for-assura-acquisition","status":"publish","type":"post","link":"https:\/\/www.premium-partners.net\/fr\/builder\/primary-health-properties-gets-competition-green-light-for-assura-acquisition\/","title":{"rendered":"Primary Health Properties gets competition green light for Assura acquisition"},"content":{"rendered":"

This post<\/a> was originally published on this site<\/a><\/p>

<\/p>\n

Primary Health Properties (PHP) has confirmed that UK authorities have raised no competition concerns regarding its proposed \u00a31.7 billion (R22.61 billion) acquisition of Assura plc.<\/p>\n

The London and JSE-listed Real Estate Investment Trust (REIT) said on Wednesday that, following this decision, the requirement by the UK\u2019s Competition and Markets Authority (CMA) to keep PHP and Assura financially and operationally separate, is expected to conclude shortly.<\/span><\/p>\n

PHP first announced its firm intention to acquire Assura on May 16, 2025. Assura develops, invests in, and manages healthcare facilities across the UK, while PHP focuses on purpose-built properties for healthcare practitioners and other primary care providers\u2014primarily NHS-backed tenants.<\/span><\/p>\n

PHP aims to capitalise on the fact that more than one-third of the UK\u2019s primary care estate requires modernisation or replacement. PHP believes that limited capacity in existing facilities poses a significant barrier to implementing government policies aimed at expanding community-based care, including initiatives such as social prescribing, clinical pharmacists, mental health services, and minor operations.<\/span><\/p>\n

\u201cPHP will now turn its full attention to integrating the two businesses and realising the full benefits of the combination, including delivery of the expected run-rate cost synergies of at least \u00a39 million,\u201d the board said.<\/span><\/p>\n

As of March 31, 2025, Assura\u2019s property portfolio was valued at \u00a33.1bn, up from \u00a32.71bn the previous year. It paid a dividend of 3.34 pence per share, compared to 3.24 pence in the prior year. PHP\u2019s portfolio was valued at \u00a32.8bn for the year ended 31 December 2024, with a 3% increase in its dividend to 6.9 pence per share.<\/span><\/p>\n

\u201cThe management team can now focus on integrating the two companies and is excited about the opportunities this presents. Together, we will create a \u00a36bn healthcare REIT that owns, manages, and invests in critical social infrastructure assets\u2014positioning us strongly for future growth,\u201d said PHP CEO Mark Davies.<\/span><\/p>\n

\u201cWe are pleased with the CMA\u2019s decision and appreciate the work done by their team during the review,\u201d Davies added.<\/span><\/p>\n

The earnings-accretive transaction is expected to deliver strategic and financial benefits, including a lower cost of capital and a robust platform for accelerated expansion.<\/span><\/p>\n

\u201cWith our combined scale, expertise, and relationships\u2014and a lower cost of capital\u2014we are well placed to deliver modern, flexible healthcare buildings in communities across the UK and Ireland,\u201d Davies said.<\/span><\/p>\n

\u201cI\u2019m looking forward to working with our new colleagues from Assura and helping the NHS deliver its 10-year plan by shifting more patients into primary care, which will ultimately help the NHS save money,\u201d he concluded.<\/span><\/p>\n

BUSINESS REPORT<\/strong><\/p>","protected":false},"excerpt":{"rendered":"

Primary Health Properties (PHP) has confirmed that UK authorities have raised no competition concerns regarding its proposed \u00a31.7 billion (R22.61 billion) acquisition of Assura plc.The London and JSE-listed Real Estate Investment Trust (REIT) said on Wednesday that, following this decision, the requirement by the UK\u2019s Competition and Markets Authority (CMA) to keep PHP and Assura financially and operationally separate, is expected to conclude shortly.PHP first announced its firm intention to acquire Assura on May 16, 2025. Assura develops, invests in, and manages healthcare facilities across the UK, while PHP focuses on purpose-built properties for healthcare practitioners and other primary care providers\u2014primarily NHS-backed tenants.PHP aims to capitalise on the fact that more than one-third of the UK\u2019s primary care estate requires modernisation or replacement. PHP believes that limited capacity in existing facilities poses a significant barrier to implementing government policies aimed at expanding community-based care, including initiatives such as social prescribing, clinical pharmacists, mental health services, and minor operations.\u201cPHP will now turn its full attention to integrating the two businesses and realising the full benefits of the combination, including delivery of the expected run-rate cost synergies of at least \u00a39 million,\u201d the board said.As of March 31, 2025, Assura\u2019s property portfolio was valued at \u00a33.1bn, up from \u00a32.71bn the previous year. It paid a dividend of 3.34 pence per share, compared to 3.24 pence in the prior year. PHP\u2019s portfolio was valued at \u00a32.8bn for the year ended 31 December 2024, with a 3% increase in its dividend to 6.9 pence per share.\u201cThe management team can now focus on integrating the two companies and is excited about the opportunities this presents. Together, we will create a \u00a36bn healthcare REIT that owns, manages, and invests in critical social infrastructure assets\u2014positioning us strongly for future growth,\u201d said PHP CEO Mark Davies.\u201cWe are pleased with the CMA\u2019s decision and appreciate the work done by their team during the review,\u201d Davies added.The earnings-accretive transaction is expected to deliver strategic and financial benefits, including a lower cost of capital and a robust platform for accelerated expansion.\u201cWith our combined scale, expertise, and relationships\u2014and a lower cost of capital\u2014we are well placed to deliver modern, flexible healthcare buildings in communities across the UK and Ireland,\u201d Davies said.\u201cI\u2019m looking forward to working with our new colleagues from Assura and helping the NHS deliver its 10-year plan by shifting more patients into primary care, which will ultimately help the NHS save money,\u201d he concluded.BUSINESS REPORT<\/p>","protected":false},"author":1,"featured_media":12755,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-264656","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-builder"],"_links":{"self":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/264656","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/comments?post=264656"}],"version-history":[{"count":1,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/264656\/revisions"}],"predecessor-version":[{"id":264657,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/posts\/264656\/revisions\/264657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media\/12755"}],"wp:attachment":[{"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/media?parent=264656"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/categories?post=264656"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.premium-partners.net\/fr\/wp-json\/wp\/v2\/tags?post=264656"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}