An announcement from Primary Health Properties plc R.E.I.T ( (GB:PHP) ) is now available.
Primary Health Properties PLC has proposed a cash and share combination to acquire Assura plc, valuing the latter at approximately £1.5 billion. This strategic move aims to create a significant UK REIT with a combined portfolio of £6 billion, offering enhanced market presence, operational synergies, and improved access to capital markets, ultimately benefiting shareholders through increased income security and potential dividend growth.
More about Primary Health Properties plc R.E.I.T
Primary Health Properties PLC (PHP) operates in the real estate investment trust (REIT) sector, focusing on the acquisition and management of modern healthcare facilities. The company primarily invests in long-leased properties that are let to government tenants and leading UK healthcare providers, benefiting from the growing demand for primary care infrastructure.
YTD Price Performance: 5.14%
Average Trading Volume: 3,632,711
Technical Sentiment Signal: Sell
Current Market Cap: £1.25B
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