Assura plc
From Wikipedia the free encyclopedia
 | |
| Company type | Public |
|---|---|
| LSE: AGR FTSE 250 component | |
| Industry | Property |
| Founded | 2003 |
| Headquarters | Altrincham, United Kingdom |
Key people | Ed Smith, Chairman Jonathan Murphy, CEO |
| Revenue |  £150.2 million (2024)[1] |
| £129.5 million (2024)[1] | |
| £102.3 million (2024)[1] | |
| Subsidiaries | Assura Properties Plc; Assura Financing Plc |
| Website | assuraplc |
Assura plc is a British property business headquartered in Altrincham, Greater Manchester, England.[2] As of June 2025, it owns and operates more than 600 general practitioner and primary healthcare buildings in the UK.[2] It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
[edit]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 2025, KKR and Stonepeak made a final offer of £1.7 billion which was recommended by the Assura's board.[2] The deal is subject to regulatory and shareholder approval.[11]
Operations
[edit]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.[13]
References
[edit]- ^ a b c d "Annual Report 2024" (PDF). Assura. Retrieved 9 February 2025.
- ^ a b c Howard, Tom (11 June 2025). "Assura recommends KKR's raised £1.7bn offer". www.thetimes.com. Retrieved 12 June 2025.
- ^ a b Park office for healthcare specialist Assura
- ^ "Assura founder quits after selling clinics to Virgin". The Times. 15 March 2010. Retrieved 6 December 2015.
- ^ Eversheds scores sale of AH Medical to Assura Group
- ^ Assura Group names former British Land Company director as chief executive
- ^ Assura Group slides to a loss
- ^ "Place North West | Former Assura chief dies from cancer". Place North West. 4 July 2016. Retrieved 30 March 2017.
- ^ Begum, Shelina (27 February 2017). "Assura names new chief executive". men. Retrieved 30 March 2017.
- ^ Whiterow, Philip (16 February 2021). "Assura strengthens primary care pipeline with Apollo Capital acquisition". Proactive Investors. Retrieved 13 March 2021.
- ^ a b Oliver, Joshua (9 April 2025). "NHS landlord agrees £1.6bn takeover by KKR consortium". Financial Times. Retrieved 23 April 2025.
- ^ Murray, Amber (16 May 2025). "PHP makes surprise third approach for Assura at £1.68bn". City AM. Retrieved 12 June 2025.
- ^ "Our Market". Assura plc. Retrieved 13 March 2021.
