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.

PHP is funding the cash portion of the offer through a £1.225pm facility arranged by Citibank, Lloyds and RBS. A revised offer document will be sent to Assura shareholders in the coming days.

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. Assura’s directors said ...

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.

Assura said on Monday that its board has agreed a £1.79 billion offer from Primary Health Properties (PHP.L) (PHP). PHP had laid down a £1.68 billion bid last month but was outbid by a rival suitor, ...