Assura plc
{{Short description|Property company based in the U.K.}}
{{Distinguish|Assura Medical}}
{{Use dmy dates|date=November 2019}}
{{Infobox company
| name = Assura plc
| logo = Assura plc logo.jpg
| type = Public
| traded_as = {{lse|AGR}}
FTSE 250 component
| foundation = 2003
| location = Altrincham, United Kingdom
| key_people = Ed Smith, Chairman
Jonathan Murphy, CEO
| industry = Property
| products =
| revenue = {{increase}} {{GBP}}150.2 million (2024){{cite web|url=https://www.assuraplc.com/sites/assura/files/Assura_2024%20Annual%20Report_interactive.pdf|title=Annual Report 2024|publisher=Assura|access-date=9 February 2025}}
| operating_income = {{increase}} {{GBP}}129.5 million (2024)
| net_income = {{increase}} {{GBP}}102.3 million (2024)
| num_employees =
| parent =
| subsid = Assura Properties Plc; Assura Financing Plc
| homepage = {{url|assuraplc.com}}
| footnotes =
}}
Assura PLC is a British property business headquartered in Altrincham, Greater Manchester, England. It designs, builds, invests in and manages general practitioner('GP') and primary healthcare buildings in the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History
The business was launched as The Medical Property Investment Fund in 2003 and became listed on the London Stock Exchange in that year. The name was changed to Assura Group in 2006. In 2008 the company bought new premises for expansion in Halton.[http://www.liverpoolecho.co.uk/liverpool-news/business-news/2008/04/23/park-office-for-healthcare-specialist-assura-100252-20805796/ Park office for healthcare specialist Assura] Assura sold its Assura Medical division to Virgin Group in 2010, which rebranded it as Virgin Care.{{cite web|url=https://www.thetimes.com/uk/healthcare/article/assura-founder-quits-after-selling-clinics-to-virgin-08xhc5cd2gl |date=15 March 2010|title=Assura founder quits after selling clinics to Virgin|work=The Times|access-date=6 December 2015}}
It acquired AH Medical, another primary healthcare business, in 2011.[http://www.thelawyer.com/eversheds-scores-sale-of-ah-medical-to-assura-group/1006800.article Eversheds scores sale of AH Medical to Assura Group] It named Graham Roberts, a former finance director of British Land Company, as Chief Executive in March 2012.[http://www.manchestereveningnews.co.uk/business/business-news/assura-group-names-former-british-685685 Assura Group names former British Land Company director as chief executive] In June 2012 it decided to convert to Real Estate Investment Trust ('REIT') status.[http://www.manchestereveningnews.co.uk/business/business-news/assura-group-slides-to-a-loss-690075 Assura Group slides to a loss]
In July 2016, the firm announced that Roberts had died of cancer.{{Cite news|url=https://www.placenorthwest.co.uk/news/former-assura-chief-dies-from-cancer/|title=Place North West {{!}} Former Assura chief dies from cancer|date=2016-07-04|work=Place North West|access-date=2017-03-30|language=en-GB}} Financial Director Jonathan Murphy became interim CEO and was confirmed in the position permanently in February 2017.{{Cite news|url=http://www.manchestereveningnews.co.uk/business/business-news/assura-names-new-chief-executive-12660972|title=Assura names new chief executive|last=Begum|first=Shelina|date=2017-02-27|work=men|access-date=2017-03-30}}
At the beginning of 2021 the business acquired Apollo Capital Projects, increasing its pipeline by an initial eight schemes and expanding the company's offering to the NHS.{{Cite news|url=https://www.proactiveinvestors.co.uk/companies/news/941788/assura-strengthens-primary-care-pipeline-with-apollo-capital-acquisition-941788.html|title=Assura strengthens primary care pipeline with Apollo Capital acquisition|date=2021-02-16|first=Philip|last=Whiterow|work=Proactive Investors|access-date=2021-03-13}}
In April 2025, the company's board agreed a takeover by private capital investors Kohlberg Kravis Roberts and Stonepeak in a deal worth £1.6 billion.{{Cite news |last=Oliver |first=Joshua |date=2025-04-09 |title=NHS landlord agrees £1.6bn takeover by KKR consortium |url=https://www.ft.com/content/399398d4-6c4f-4693-9f7e-030082243ee5 |access-date=2025-04-23 |work=Financial Times}} The deal is subject to regulatory and shareholder approval and is set to be completed in autumn 2025.
Operations
The business invests in and develops primary care buildings in the UK. As of March 2024, the company's portfolio stood at 614 primary care medical centres.
As an NHS partner the company accommodates NHS services within communities. Including, general practice, diagnostic and treatment services (including x-ray), renal dialysis, MSK physiotherapy, dentistry, acute consultant clinics and other community and social prescribing services.{{cite web|url=https://www.assuraplc.com/about-us/our-market |title=Our Market|work=Assura plc|access-date=13 March 2021}}
References
{{reflist|30em}}
External links
- [http://www.assuraplc.com Official site]
{{Real estate in the United Kingdom}}
{{FTSE 250 Index constituents}}
{{Authority control}}
Category:Property companies of the United Kingdom
Category:Real estate companies established in 2003
Category:2003 establishments in England