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CMA greenlights PHP/Assura merger

The UK’s competition authority (the CMA) has decided to allow the merger of Assura and Primary Healthcare Properties (PHP), the only two major UK healthcare REITs focused on primary care clinics, bringing the creation of a giant primary care REIT holding about £6 billion (~€7 billion) worth of property and about 20% of the UK’s primary care practices one step closer to realisation. 

Healthcare Activos spends €150m on seven facilities

Spain-based healthcare real estate investor Healthcare Activos has acquired seven facilities, two of which are newbuilds. This brings Activos’ total assets under management to €1.3 billion. HBI caught up with Alberto Fernandez, Co-CEO, to understand how these acquisitions fit in with the investor’s long term strategy.

Royal London Asset Management launches £1bn UK care home REIT

Royal London Asset Management (RLAM), a UK investment firm that invests across a variety of types of assets including securities and real estate, has launched a dedicated healthcare REIT with £1 billion (~€1.15 billion) of committed capital. 

emeis to reduce net debt by €700m through real estate vehicle

Europe’s largest nursing home group emeis plans to raise hundreds of millions of euros to help pay down its huge pile of debt by partially divesting 68 properties it still owns. Rather than simply doing full sale-and-leasebacks of these properties, the group is creating a special real estate investment vehicle to hold the assets, which it will retain a stake in.

Aedifica shareholders back merger with Cofinimmo

Aedifica and Cofinimmo, two of Europe’s biggest listed healthcare-focused REITs, are one step closer to merging and becoming Europe’s largest healthcare real estate investor, after a majority of Aedifica’s shareholders gave their approval to the board’s proposal to acquire Cofinimmo.

Assura switches to favouring PHP merger over KKR buy-out

UK healthcare real estate investor Assura has changed its mind between the two suitors vying to acquire it. The REIT’s board is now recommending its shareholders accept a sweetened £1.79 billion (~€2.1 billion) offer from Primary Healthcare Properties (PHP), its main competitor as the only other UK healthcare REIT focused on primary care assets. This comes just two weeks after it said it was accepting a ‘final’ £1.7 billion (~€2 billion) cash offer from US PE firms KKR and Stonepeak.

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