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Assura plc
Property company based in the U.K. From Wikipedia, the free encyclopedia
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Assura is a British property business headquartered in Altrincham, Greater Manchester that has a focus on investing in buildings used for the healthcare sector.[2] As of June 2025, it owned and operates more than 600 general practitioner and primary healthcare buildings in the UK.[2] It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Primary Health Properties in August 2025.
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History
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The business was launched as The Medical Property Investment Fund in 2003 and became listed on the London Stock Exchange in that year. The name was changed to Assura Group in 2006. In 2008 the company bought new premises for expansion in Halton.[3] Assura sold its Assura Medical division to Virgin Group in 2010, which rebranded it as Virgin Care.[4]
It acquired AH Medical, another primary healthcare business, in 2011.[5] It named Graham Roberts, a former finance director of British Land Company, as chief cxecutive in March 2012.[6] In June 2012 it decided to convert to Real Estate Investment Trust (REIT) status.[7]
In July 2016, Assura announced that its chief executive Graham Roberts had died of cancer.[8] The company appointed its financial director, Jonathan Murphy, as its interim chief executive and was announced as a permanent appointed in February 2017.[9]
At the beginning of 2021, the company acquired Apollo Capital Projects, increasing its pipeline by an initial eight schemes and expanding the company's offering to the NHS.[10]
In April 2025, the company's board initially agreed an acquisition offer by private capital investors Kohlberg Kravis Roberts and Stonepeak of £1.6 billion.[11] On 16 May 2025, Assura received a competing bid from Primary Health Properties of £1.68 billion.[12] On 11 June, KKR and Stonepeak made a final offer of £1.7 billion which was initially recommended by the Assura's board.[2] On 23 June, the company then recommended the offer from Primary Health Properties, following pressure from its shareholders.[13] The deal was subject to regulatory and shareholder approval.[11] The deal was approved by Assura shareholders on 12 August 2025,[14] and Primary Health Properties confirmed that its offer had gone unconditional with 62.93% acceptance on 15 August 2025.[15]
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Operations
The business invests in and develops primary care buildings in the UK.[3] As of March 2024, the company's portfolio stood at 614 primary care medical centres.[1]
As an NHS partner the company accommodates NHS services within communities including, general practice, diagnostic and treatment services (including x-ray), renal dialysis, MSK physiotherapy, dentistry, acute consultant clinics and other community and social prescribing services.[16]
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References
External links
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