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.
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Notes
External links
Official site
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{{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