Assura Secures £1.7 Billion Takeover by KKR and Stonepeak

UK healthcare property company Assura agrees to a £1.7 billion acquisition by private equity firms KKR and Stonepeak. This all-cash offer from Sana Bidco, a joint venture between the two firms, values Assura at 52.1p per share, surpassing its prior stock market closing price and an earlier bid by Primary Health Properties. This acquisition, part of a growing trend of UK firms delisting from the London Stock Exchange, will provide Assura with new private ownership that promises increased access to capital and the ability to invest more heavily in healthcare infrastructure without the constraints of public market pressures. Assura highlights that the transition will bolster the NHS by facilitating the development of new medical facilities. The deal initially considered a Court-sanctioned scheme of arrangement but shifted to a direct takeover bid to provide certainty and immediate cash for shareholders.