Assura buys €583m Northwest Healthcare Properties

Assura has agreed with Northwest Healthcare Properties to acquire its fully operational U.K. Private Hospital Portfolio comprising 14 assets for a consideration of £500 million ($636 million).

Assura believes there is significant opportunity in the structurally supported private hospital market with strong growth potential and attractive investment characteristics, as outlined at its Capital Markets Event in February. All three strands of private (PMI, self-pay and NHS-referred) are experiencing growing demand with the private market providing essential capacity to local healthcare infrastructure. Assura believes it has the skills to capture these opportunities, given its long-term relationships in healthcare, its development and asset-enhancement capabilities and focus on social impact and sustainability.

Jonathan Murphy, Assura CEO, said, “The acquisition of Northwest’s high quality U.K. private hospital portfolio accelerates the delivery of our broader healthca