Pro Tip: Learn how to use HBI Alerts to follow your favorite topics

Property Investors

 

UK REITs Assura and Care REIT both being bought out by US investors

Two of the UK’s largest listed specialist healthcare real estate investors are being bought out and taken private by US investors. Assura looks as though it is about to accept a fifth offer from US private equity firm KKR. Care REIT (formerly Impact Healthcare REIT) has accepted a takeover offer from US care home REIT CareTrust.

Assura rejects fourth takeover offer from KKR

Listed UK healthcare REIT Assura has rejected a fourth offer from US PE firm KKR. The most recent bid was a joint offer from KKR and UK pension fund Universities Superannuation Scheme (USS) of £1.56 billion (~$2 billion). Assura says this undervalues the REIT.

Activos enters Germany

Spanish REIT Healthcare Activos has acquired its first nursing home asset in Germany, and three new nursing homes in Belgium. Activos has acquired the propco of a nursing home located in Stuttgart, Germany. This is a new build with 88 individual rooms and 31 apartments and is operated by “the largest elderly care operator in […]

Parkway Life acquires 11 nursing homes in France from DomusVi

Parkway Life Real Estate Investment Trust (PLife REIT), one of Asia’s largest listed healthcare REITs, has acquired 11 nursing homes in France in a sale and leaseback arrangement for €111.2m (roughly S$159.9 million) from DomusVi, one of Europe’s largest nursing and retirement home providers. The deal marks PLife REIT’s maiden acquisition in Europe, as part of its long-term strategy to grow its presence in the region and the UK. 

Why pharma services is such an attractive investment space

Last week Telemos Capital, a European mid-market private equity firm backed by family capital, bought Helios Global Group, a full-service global healthcare communications provider, from NorthEdge, a regional lower mid-market private equity company. We spoke with one of the deal's advisors — Tom Cowap, Managing Director at Baird, an employee-owned international investment bank — about how this is a bellwether for growing private equity interest in the med comms and wider pharma services space.

Find Us