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LONDON - Assura plc, a healthcare real estate investment trust, is currently evaluating a revised takeover proposal from Primary Health Properties plc (PHP), a fellow healthcare facilities investor. Following the receipt of this proposal on Sunday, Assura has sought and obtained an extension for the deadline by which PHP must declare its intentions.
The initial deadline set for today has been pushed to 5 May 2025, as per the Takeover Panel's approval, allowing PHP additional time to either formalize its offer or withdraw. This extension follows Assura's engagement in due diligence activities with PHP since 14 March 2025.
Simultaneously, Assura remains in negotiation with a consortium comprising Kohlberg Kravis Roberts & Co. Partners L.L.P. and Stonepeak Partners (UK) LLP regarding a potential cash offer. However, there is no guarantee that any firm offer will materialize from either PHP, the Consortium, or any other party.
Assura's board is focused on maximizing shareholder value and will continue to facilitate due diligence with PHP. Further updates will be provided as the situation develops.
This announcement, containing inside information, is made independently and without the consent of PHP or the Consortium, based on a press release statement.
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