Private Equity Consortium Strikes £1.7bn Deal for NHS Landlord
- KKR has acquired NHS landlord Assura for £1.7 billion, winning a bidding contest against Primary Health Properties, which previously offered £1.68 billion.
- Assura owns over 600 medical properties and has a total portfolio valued at approximately £3.1 billion.
- Ed Smith, Assura's chairman, stated that the decision to accept KKR's bid followed a careful and thorough evaluation of both offers.
- Assura recommended that its shareholders accept KKR's offer and advised them to take no action regarding the bid from Primary Health Properties.
15 Articles
15 Articles
KKR, Stonepeak raise offer for Assura to almost £1.7bn – Northern Financial Review
Private equity firms KKR and Stonepeak Partners on Wednesday raised their all-cash takeover offer for Altrincham-based healthcare real estate investment trust Assura to almost £1.7 billion, topping a rival bid with their “best and final” offer. The 52.1p a share offer, including dividends, trumps the 51.7p per share in shares and cash proposed by rival suitor Primary Health Properties (PHP). The KKR-Stonepeak proposal represents a more than 39% …
KKR and Stonepeak up Assura bid to $2.3bn - Private Equity Wire
Private equity heavyweights KKR and Stonepeak have raised their takeover bid for UK-listed healthcare real estate firm Assura to nearly £1.7bn ($2.3bn), in what they describe as their “best and final” offer, according to a report by Reuters. The buyout firms are aiming to win a bidding war with rival suitor Primary Health Properties (PHP) by making the revised all-cash offer, which values Assura at 52.1 pence per share, including dividends, narr…
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