KKR Offer was praised by Assura

Thursday 19 June 2025 19:26
| Updated:

Thursday 19 June 2025 19:27

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The heat battle for the takeover of Assura finally reached the conclusion, with the offer of the TRC to take over the giant health care property, securing the EU approval for the offer when walking ahead.

Assura accepted the offer of the Private Equity Giant KKR £ 1.7 billion, which was made through the acquisition vehicle Sana Bidco last week.

The merger has now received permission from the European Commission.

This will see other companies leaving the London Stock Exchange in the midst of a mass exodus of companies registered during the international giant to take cheap British assets.

Cancer of the KKR and Stonepeak’s acquisition have faced fierce competition from primary health property, with the two locked in the offer war since Februrary.

Competition between the two companies for Assura, which has GP operations throughout Britain, has pushed offering prices from £ 1.56 billion to the “best and final” offer of KKR of £ 1.7 billion.

Apart from the current successful KKR offer, Assura’s main shareholders are still not happy with the agreement: Quilter Cheviot and Schroders, who have around 6 percent and 5 percent of shares in NHS owners, each said they supported PHP rather than KKR.

Allianz, Gravis and Baillie Gifford also supported PHP, with the reason that it underestimated Assura.

Last week, PHP “strongly suggested” Assura’s shareholders not to take action in response to the KKR offer, with the reason that PHP-Assura binders were “very interesting propositions”.

“This is supported by the council’s belief that this sector is at the point of inflexion in the current economic cycle with a strong lease growth and a lower interest rate increases the value of primary care property and with the value of net assets per share which is expected to continue to increase,” said the company.

PHP even tried to sweeten his agreement by reducing the condition of the acceptance of Assura and promised to accelerate his quarterly dividend in October.

Assura’s share price has continued to increase because the supply war has been running, up more than 33 percent since February.