Primary Health Properties plc R.E.I.T ( (GB:PHP) ) has shared an announcement.
Primary Health Properties PLC has made a preliminary approach for a potential all-share offer to combine with Assura plc, which was rejected by Assura’s board. PHP believes the merger could create significant shareholder value by enhancing scale, reducing capital costs, and leveraging synergies, although no firm offer has been made yet.
More about Primary Health Properties plc R.E.I.T
Primary Health Properties PLC (PHP) operates in the healthcare real estate sector, focusing on the acquisition and management of primary healthcare facilities. The company primarily invests in properties leased to general practitioners, the NHS, and other healthcare providers, aiming to deliver secure, long-term income.
YTD Price Performance: -1.02%
Average Trading Volume: 3,363,682
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £1.21B
See more data about PHP stock on TipRanks’ Stock Analysis page.