REG - Primary Health Props Assura PLC - Acquisition of Assura plc – CMA Phase 1 Clearance

Primary Health PropertiesAnnouncement

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RNS Number : 2972F  Primary Health Properties PLC  29 October 2025

FOR IMMEDIATE RELEASE

29 October 2025

 

Primary Health Properties PLC

("PHP", the "Group" or the "Company")

Acquisition of Assura plc - CMA Phase 1 Clearance

 

Further to the announcement by the UK's Competition and Markets Authority
("CMA") earlier today in relation to its Phase 1 review of the Company's
combination with Assura plc ("Assura"), PHP is pleased to note that the CMA
has concluded that the transaction gives rise to no competition concerns.

As a result of this decision, the CMA's requirement for the businesses to be
held financially and operationally separate, subject to certain derogations,
is expected to conclude shortly. PHP will now turn its full attention to the
integration of the two businesses and realising the full benefits of the
combination, including delivery of the expected run-rate cost synergies of at
least £9 million.

Mark Davies, CEO of PHP, commented:

"We are pleased with the decision announced by the CMA today that there are no
competition concerns with this strategically important transaction and we
appreciate the work done by the CMA team during their review.

The management team can now focus on the integration of the two companies and
is excited about the prospect and opportunity it will bring by creating a
£6bn healthcare REIT owning, managing and investing in critical social
infrastructure assets in a sector well placed to deliver growth.

This earnings-accretive transaction, which has compelling strategic and
financial benefits, will give PHP a lower cost of capital and a strong
platform to accelerate our future expansion.

I'm looking forward to working with our new colleagues from Assura and working
together to help the NHS deliver its 10-year plan by shifting more patients
into primary care which will help the NHS save money. We have the knowledge,
expertise and relationships and with a lower cost of capital are well-placed
to help deliver modern, flexible healthcare buildings in communities around
the UK and Ireland."

The person responsible for arranging the release of this announcement on
behalf of PHP is Toby Newman, Company Secretary.

 

Enquires

 Primary Health Properties PLC             +44 (0) 7970 246 725

 Harry Hyman, Non-Executive Chair

 Mark Davies, Chief Executive Officer      via Sodali & Co

 Richard Howell, Chief Financial Officer

 Sodali & Co (Communications for PHP)      +44 (0) 7970 246 725

 Rory Godson

 Elly Williamson

 Louisa Henry

 

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