Strategic Stakes: Building the Future of Healthcare Infrastructure
Assura, a stalwart in primary care medical center development across the UK and Ireland, finds itself at the heart of a heated acquisition war. The company is seen as a linchpin in the provision of community healthcare facilities — and a tempting prize for infrastructure-hungry investors.
“KKR and Stonepeak bring deep pockets and understanding of U.K. infrastructure and real estate,” said Tara Davies, KKR’s co-head of European infrastructure. She emphasized the firms’ intent to support further acquisitions, suggesting this is more than just a buyout — it’s a launchpad.
Legal Maneuvers and Shareholder Chess
The acquisition will proceed via a scheme of arrangement under the UK Companies Act 2006, requiring the support of at least 75% of Assura shareholders. No date has been fixed for the shareholder vote, but Assura’s board has already expressed firm support, calling the deal “fair and reasonable.”
“KKR and Stonepeak’s offer allows Assura shareholders to realize their investment at an attractive price,” said Ed Smith, Assura’s non-executive chairman. Directors holding 0.1% of shares have already pledged their votes.
