- Assura shareholders back £1.8bn bid despite KKR pleas last week
Primary Health Properties (PHP) has defeated a US private equity giant in the battle for control of a GP surgery owner.
Shareholders backed PHP’s £1.8billion takeover of Assura, despite KKR’s plea last week for the board to reconsider.
Investors owning nearly 63 per cent of Assura’s shares had voted in favour of the merger by yesterday afternoon, making the offer ‘unconditional’.
The vote ends a long-running tussle to buy the NHS landlord, which owns surgeries, hospitals and hospices.
Assura will delist from the stock market as soon as possible, the companies said yesterday.
But the deal still faces hurdles after the competition watchdog last week stepped up its probe into the tie-up.
Assura owns surgeries, hospitals and hospices.
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