Global bidding war boosts GP surgery owner Assura as major NHS landlord ups its offer

Published on: April 3, 2025

By DAILY MAIL CITY & FINANCE REPORTER

Updated: 22:13 BST, 3 April 2025

A major NHS landlord has upped its offer for GP surgery owner Assura as a bidding war with US private equity giant KKR heats up.

Primary Health Properties (PHP) has sweetened its bid for the London-listed trust with a £1.5billion merger offer after an earlier approach was rejected.

But that was less than the £1.6billion offer by KKR, which Assura was ‘minded to accept’.

Both Assura and PHP own surgeries, hospitals and hospices in the UK.

A takeover would mean Assura leaves London’s stock market. But by merging with PHP, Assura would still be part of a publicly traded company.

PHP has until Monday to make a firm offer or walk away. KKR has until April 11.

Target: Primary Health Properties has sweetened its bid for GP surgery owner Assura with a £1.5bn merger offer after an earlier approach was rejected

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Global bidding war boosts GP surgery owner Assura as major NHS landlord ups its offer

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Global bidding war boosts GP surgery owner Assura as major NHS landlord ups its offer