Primary Health Properties plc is a British real estate investment company headquartered in London, England. As of June 2026, the company owns and operates more than 500

primary healthcare Primary health care (PHC) is a whole-of-society approach to effectively organise and strengthen national health systems to bring services for health and wellbeing closer to communities. Primary health care enables health systems to support a p ...

facilities within the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

and

Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...

. It is listed on the

London Stock Exchange The London Stock Exchange (LSE) is a stock exchange based in London, England. the total market value of all companies trading on the LSE stood at US$3.42 trillion. Its current premises are situated in Paternoster Square close to St Paul's Cath ...

and is also a constituent of the FTSE 250 Index.

History

Primary Health Properties was incorporated in 1995, floated on the

Alternative Investment Market AIM (formerly the Alternative Investment Market) is a sub-market of the London Stock Exchange that was launched on 19 June 1995 as a replacement to the previous Unlisted Securities Market, Unlisted Securities Market (USM) that had been in opera ...

in 1996, and listed on the London Stock Exchange in November 1998. The company switched to Real Estate Investment Trust status when REITs were introduced in the UK in January 2007. In September 2018, Primary Health Properties acquired an accommodation block next to Wansbeck General Hospital in September 2018, as well as Jellia Holdings, the owner of three purpose-built primary care centres in Navan Road,

Dublin Dublin is the capital and largest city of Republic of Ireland, Ireland. Situated on Dublin Bay at the mouth of the River Liffey, it is in the Provinces of Ireland, province of Leinster, and is bordered on the south by the Dublin Mountains, pa ...

, Newbridge, County Kildare and

Celbridge Celbridge (; ) is a town and townland on the River Liffey in County Kildare, Republic of Ireland, Ireland. It is west of Dublin. Both a local centre and a commuter town within the Greater Dublin Area, it is located at the intersection of the ...

. In June 2019, Primary Health Properties completed a £1 billion merger with Medicx Fund, creating the largest healthcare property investor in the UK, with a combined portfolio of almost 500 properties. In 2020, the company raised £140 million through a placing of 96.6 million shares to fund future acquisitions. In 2022, it bought Chiswick Medical Centre, which is let to HCA International Ltd, in London for £34.5 million. In May 2025, the company made an offer of £1.68 billion to acquire Assura plc.

Operations

In 2017, it was reported that 90 per cent of the company's rent came from the

National Health Service The National Health Service (NHS) is the term for the publicly funded health care, publicly funded healthcare systems of the United Kingdom: the National Health Service (England), NHS Scotland, NHS Wales, and Health and Social Care (Northern ...

with nine per cent from pharmacies. The company had a portfolio worth £2.8 billion as of 31 December 2023.

Notes

External links

Official site
* {{Authority control Companies listed on the London Stock Exchange Real estate companies established in 1995 Real estate investment trusts of the United Kingdom Primary care Companies in the FTSE 250 Index