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M&A/IPOs

 

Assura once again rejects PHP in favour of ‘final’ KKR/Stonepeak £1.7bn cash offer

Listed UK healthcare REIT Assura has made a decision between the two parties vying to acquire it: the REIT’s board has agreed to a ‘best and final’ increased cash offer from US PE firms KKR and Stonepeak, which it says it intends to unanimously recommend to shareholders. Primary Healthcare Properties (PHP), Assura's main competitor as the only other UK REIT with a significant primary care portfolio, has responded by sweetening its offer and urging the board to reconsider.

Hims & Hers to acquire ZAVA in global expansion

Hims & Hers health, an American health and wellness platform, has announced its agreement to acquire ZAVA, a UK-based European telehealth platform, as part of a “significant step” in its global expansion.

Aedifica and Cofinimmo boards back merger

Aedifica and Cofinimmo, two of Europe’s largest listed healthcare REITs, look set to merge. The boards of both companies have reached an agreement over terms for a share swap, which will now be put to shareholders. HBI spoke to Aedifica’s Chief Investment Officer, Charles-Antoine van Aelst, and Cofinimmo’s Head of External Communications, Philippe Etienne, to understand the motivations behind a deal that, if completed, will create Europe’s largest specialist healthcare real estate investor with ~€11 billion healthcare assets under management.

Workplace Options bought out by Canadian TELUS Health

TELUS Health, a health and wellbeing provider headquartered in Vancouver (operating under parent company TELUS Corporation), has announced the acquisition of Workplace Options, the world’s largest privately owned and independent global provider of integrated employee wellbeing solutions, supported by a strategic partnership with GTCR, a private equity investor with expertise in healthcare. 

In-receivorship Healthscope receives 10 non-binding offers

Healthscope, Australia’s second largest private hospital group, has received 10 non-binding indicative takeover offers, according to its CEO. This comes after the group’s US private equity owner Brookfield handed over control of the business to creditors after failing to resolve its financial issues.

Keys Group buys ADHD 360

Keys Group, a UK provider of child and adult education and care services, has acquired ADHD 360, one of the UK’s largest private providers of services for people with ADHD.

PHP attempts to outbid KKR for Assura

Primary Healthcare Properties (PHP), a listed UK REIT focused on the primary care sector, has upped its bid for Assura, its main competitor as the only other REIT with a significant portfolio of UK GP practices. US PE firms KKR and Stonepeak have meanwhile reiterated their joint offer for Assura, saying PHP’s would be more risky. Assura has delayed its planned shareholder vote on the KKR/Stonepeak offer to properly consider the new PHP offer.

23andMe to be bought by US biotech company Regeneron

US-based biotech company Regeneron Pharmaceuticals intends to buy the assets of genetics-led consumer healthcare and biotech company 23andMe in a bankruptcy auction, both companies announced on Monday.

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