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Home Healthcare Markets Business PHP announces plans to acquire management company

PHP announces plans to acquire management company

Specialist healthcare REIT Primary Health Properties (PHP) has entered into a conditional agreement to buy its longstanding external property adviser Nexus Tradeco Limited for £33.1m. Under the deal, which is subject to shareholder approval, PHP will acquire the company’s entire issued ordinary share capital for a cash consideration of £16.5m alongside a £16.5m share issue….

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