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In a competitive struggle, PHP emerges victorious in the tug-of-war over Assura, the major NHS property holding company, against KKR.

U.S. private equity titan suffers loss to Primary Health Properties in battle for dominance over GP surgery owner entity.

In a competitive tug-of-war, PHP emerges victorious over KKR, securing control of Assura, a...
In a competitive tug-of-war, PHP emerges victorious over KKR, securing control of Assura, a significant property enterprise operating in the healthcare sector, specifically as an NHS landlord.

In a competitive struggle, PHP emerges victorious in the tug-of-war over Assura, the major NHS property holding company, against KKR.

In a significant development, Primary Health Properties (PHP) has successfully completed its takeover of Assura, a leading GP surgery owner, in a deal worth £1.8 billion. The acquisition has received shareholder approval, with nearly 63% voting in favour of the PHP offer.

However, the deal is not without hurdles. The UK's Competition and Markets Authority (CMA) has imposed a freeze order on the merger and is actively gathering views from interested parties. The CMA's probe, which stepped up in mid-August 2025, may delay the deal's completion, but a formal phase I investigation has yet to be announced.

Assura, which owns surgeries, hospitals, and hospices, will be delisting from the stock market as soon as possible following the completion of the deal.

Investors looking for potential options to invest their accounts may consider companies such as Hargreaves Lansdown, Interactive Investor, and Trading 212. It's worth noting that DIY Investing Platform AJ Bell was mentioned earlier as a possible investment choice.

The current status of the CMA's investigation remains uncertain, with no definitive decision yet regarding the potential delay of the merger. The companies involved have not been explicitly linked to the ongoing probe, and no specific benefits or drawbacks compared to each other have been stated.

As the situation develops, investors and stakeholders will be closely watching the progress of the CMA's investigation and any potential impact it may have on the PHP-Assura merger.

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