Primary Health Properties
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PHP tables £1.5bn Assura takeover
Cash-and-share deal would create eighth-largest UK REIT
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Primary Health Properties eyes investment as ‘market adjusts’
Investor has taken “disciplined” approach to investment and development
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PHP eyes Irish expansion as UK development slows
Health facilities investor set to increase portfolio exposure in the republic to 15%
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Primary Health Properties not immune to headwinds as profit tumbles
The firm reports 84% decline in pretax profit year-on-year
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Shift in interest rates hits Primary Health Properties’ profit
The firm is keeping its investment activity on pause
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Hyman to chair PHP as Mark Davies becomes chief
Harry Hyman founded PHP 30 years ago and will replace Steven Owen
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PHP buys Ireland’s first enhanced community care facility for €30m
Deal is Primary Health Properties largest Irish acquisition to date
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NewRiver founder Mark Davies takes over as PHP CEO
Davies will take over the role from PHP founder Harry Hyman following the REIT’s AGM in April
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Primary Health Properties expects record rental growth
Net rental income grew by 6.7% for the first six months of the year
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PHP profit plunges as rents rise
IFRS profit down 60% to £56.3m
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PHP buys Axis to build up presence in Ireland
The deal also gives PHP access to Axis’ development pipeline
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Harry Hyman to stand down as Primary Health CEO
Primary Health Properties chief executive will step down in 2024