PHP outbids rival with £1.79bn takeover deal for Assura - Assura’s directors said they believe the fresh deal is in the ‘best interests’ of the medical property firm’s shareholders.

In a bold move that could transform the UK healthcare landscape, PHP has raised its offer for Assura to £1. 79 billion, securing board backing and setting the stage for a major industry shift.

PHP had laid down a £1.68 billion bid last month but was outbid by a rival suitor, with a consortium led by US private equity firm KKR valuing the business at £1.7 billion.

NHS landlord Assura has backed an improved takeover offer from a healthcare investor amid the continued bidding war for the London-listed firm.Assura said on Monday that its board has agreed a £1.79 ...

PHP had laid down a £1.68 billion bid last month but was outbid by a rival suitor, with a consortium led by US private equity firm KKR valuing the business at £1.7 billion.