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Home Healthcare Markets Business PHP fends off private equity with £1.8bn Assura merger deal

PHP fends off private equity with £1.8bn Assura merger deal

Primary Health Properties (PHP) has struck a recommended £1.8bn merger with Assura, seeing off a £1.7bn all-cash bid from a consortium led by KKR and Stonepeak and paving the way for the creation of a £6bn healthcare property portfolio. The all-share and cash offer – comprising 0.3865 new PHP shares, 12.5p in cash, and a…

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