Assura Group
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Assura is a
British British may refer to: Peoples, culture, and language * British people, nationals or natives of the United Kingdom, British Overseas Territories and Crown Dependencies. * British national identity, the characteristics of British people and culture ...
property Property is a system of rights that gives people legal control of valuable things, and also refers to the valuable things themselves. Depending on the nature of the property, an owner of property may have the right to consume, alter, share, re ...
business headquartered in
Altrincham Altrincham ( , locally ) is a market town in Trafford, Greater Manchester, England, south of the River Mersey. It is southwest of Manchester, southwest of Sale, Greater Manchester, Sale and east of Warrington. At the 2021 United Kingdom ce ...
,
Greater Manchester Greater Manchester is a ceremonial county in North West England. It borders Lancashire to the north, Derbyshire and West Yorkshire to the east, Cheshire to the south, and Merseyside to the west. Its largest settlement is the city of Manchester. ...
that has a focus on investing in buildings used for the healthcare sector. As of June 2025, it owned and operates more than 600
general practitioner A general practitioner (GP) is a doctor who is a Consultant (medicine), consultant in general practice. GPs have distinct expertise and experience in providing whole person medical care, whilst managing the complexity, uncertainty and risk ass ...
and
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 ...
buildings in the UK. 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 a constituent of the
FTSE 250 Index The Financial Times Stock Exchange 250 Index, also called the FTSE 250 Index, FTSE 250, or, informally, the "Footsie 250" , is a stock market index that consists of the 101st to the 350th mid-cap blue chip companies listed on the London Stock ...
.


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.Park office for healthcare specialist Assura
/ref> Assura sold its Assura Medical division to
Virgin Group Virgin Group Ltd is a British multinational venture capital conglomerate founded by Richard Branson and Nik Powell in February 1970. Virgin Group's date of incorporation is listed as 1989 by Companies House, who class it as a holding compa ...
in 2010, which rebranded it as
Virgin Care HCRG Care Group is a private provider of community health and social services in parts of the UK, commissioned by the National Health Service and by local authorities in England. Founded in 2007 as Assura Medical, the company became majority-o ...
. It acquired AH Medical, another primary healthcare business, in 2011. It named Graham Roberts, a former finance director of
British Land Company The British Land Company Public Limited Company is one of the largest real estate development, property development and investment companies in the United Kingdom. The firm became a real estate investment trust when REITs were introduced in the ...
, as chief cxecutive in March 2012. In June 2012 it decided to convert to
Real Estate Investment Trust A real estate investment trust (REIT, pronounced "reet") is a company that owns, and in most cases operates, income-producing real estate. REITs own many types of real estate, including office and apartment buildings, studios, warehouses, hos ...
(REIT) status. In July 2016, Assura announced that its chief executive Graham Roberts had died of cancer. The company appointed its financial director, Jonathan Murphy, as its interim chief executive and was announced as a permanent appointed in February 2017. At the beginning of 2021, the company acquired Apollo Capital Projects, increasing its pipeline by an initial eight schemes and expanding the company's offering to the
NHS 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 ...
. In April 2025, the company's board initially agreed an acquisition offer by private capital investors
Kohlberg Kravis Roberts KKR & Co. Inc., also known as Kohlberg Kravis Roberts & Co., is an American global private-equity and investment company. , the firm had completed private-equity investments in portfolio companies with approximately $710 billion of total ...
and
Stonepeak Stonepeak (also known as Stonepeak Partners and Stonepeak Infrastructure Partners) is an American investment firm headquartered in New York City. The firm focuses on investments in infrastructure and more recently real estate. The firm has addi ...
of £1.6 billion. On 16 May 2025, Assura received a competing bid from
Primary Health Properties 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 facilities within the United Kingdom and Ireland. It is li ...
of £1.68 billion. On 11 June, KKR and Stonepeak made a final offer of £1.7 billion which was initially recommended by the Assura's board. On 23 June, the company then recommended the offer from Primary Health Properties, following pressure from its shareholders. The deal is subject to regulatory and shareholder approval.


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.


References


External links


Official site
{{Authority control Property companies of the United Kingdom Real estate companies established in 2003 2003 establishments in England Companies listed on the London Stock Exchange Companies in the FTSE 250 Index