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Competition Watchdog to Investigate Takeover of NHS Landlord Assura
- The UK competition watchdog launched a phase one investigation on Friday into the proposed £1.79 billion takeover of NHS landlord Assura by PHP.
- The regulator is investigating whether the acquisition, which would merge the biggest healthcare property companies in the UK, could significantly reduce competition within the industry.
- Assura manages a property portfolio comprising over 600 sites such as medical practices, with an estimated value near £3.1 billion, and employs roughly 80 staff members; this development came after an extended competitive bidding process.
- PHP’s fourth offer last month matched £1.79 billion after earlier bids of £1.68 billion and a rival consortium led by KKR valued Assura at £1.7 billion.
- Assura’s bosses back the deal, citing benefits for shareholders, while companies and others have two weeks to submit responses as the CMA gathers information.
12 Articles
12 Articles
Glasgow Times
Competition watchdog to investigate takeover of NHS landlord Assura
Rival healthcare property firm PHP has agreed to buy Assura for £1.79 billion.
The Independent
Competition watchdog to probe takeover of NHS landlord Assura
Rival healthcare property firm PHP has agreed to buy Assura for £1.79 billion.
CMA investigates £1.79bn NHS landlord Assura takeover bid | The latest National and International News
The UK competition watchdog has launched an investigation into the proposed £1.79 billion takeover of NHS landlord Assura by rival healthcare property firm PHP (Primary Health Properties). The Competition and Markets Authority (CMA) announced on Friday it is examining the deal following a lengthy bidding war that has reshaped the healthcare property sector. | The latest National and International News
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