Primary Health Properties (PHP)

Sector:

Property Investment Trusts

Index:

FTSE 250

96.05p
   
  • Change Today:
    -0.50p
  • 52 Week High: 103.50p
  • 52 Week Low: 86.15p
  • Currency: UK Pounds
  • Shares Issued: 1,336.49m
  • Volume: 13,147,900
  • Market Cap: £1,283.70m
  • RiskGrade: 84
  • Beta: 0.01

PHP urges Assura shareholders to take no action on KKR offer

By Frank Prenesti

Date: Wednesday 11 Jun 2025

LONDON (ShareCast) - (Sharecast News) - The battle to take over Assura looks far from over after Primary Health Properties said it was considering its options as its bid for the medical property owner was trumped by private equity giant KKR on Wednesday.
KKR and bid partner Stonepeak upped their offer for the National Health Service landlord on Wednesday to £1.7bn and garnered the support of Assura's board in the process.

PHP said its board "strongly disagrees with the Assura board's assessment" and would set out its detailed views in due course, adding that a government spending revue announcement - also published after the KKR deal became public -was "positive for both the PHP and Assura businesses".

The government set out plans to lift health day-to-day spending by 3% a year, in real terms, equivalent to approximately £29bn a year of extra cash, PHP said.

"Furthermore, the board of PHP expects the upcoming 10-year plan on healthcare to be equally positive and to provide a boost to primary care as the government shifts toward community, primary and preventive care in the future."

"PHP is considering its options and a further announcement will be made when appropriate. Assura shareholders are strongly advised to take no action in response to the announcement by Bidco (KKR) in the meantime."

Reporting by Frank Prenesti for Sharecast.com

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

PHP Market Data

Currency UK Pounds
Share Price 96.05p
Change Today -0.50p
% Change -0.52 %
52 Week High 103.50p
52 Week Low 86.15p
Volume 13,147,900
Shares Issued 1,336.49m
Market Cap £1,283.70m
Beta 0.01
RiskGrade 84

PHP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.17% below the market average56.17% below the market average56.17% below the market average56.17% below the market average56.17% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Price Trend
28.62% above the market average28.62% above the market average28.62% above the market average28.62% above the market average28.62% above the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average
Income
88.40% above the market average88.40% above the market average88.40% above the market average88.40% above the market average88.40% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
4.33% above the market average4.33% above the market average4.33% above the market average4.33% above the market average4.33% above the market average
14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average14.29% above the sector average

What The Brokers Say

Strong Buy 2
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 6
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PHP Dividends

  Latest Previous
  Q3 Q2
Ex-Div 03-Jul-25 27-Mar-25
Paid 15-Aug-25 09-May-25
Amount 1.77p 1.77p

Trades for 11-Jul-2025

Time Volume / Share Price
15:25 1 @ 96.00p
15:32 1 @ 96.00p
16:38 3,037,827 @ 96.20p
16:38 3,037,827 @ 96.20p
15:04 1 @ 95.95p

PHP Key Personnel

CFO Richard Howell
CEO Mark Davies

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