The acquisition of a £500m portfolio of private hospitals in August has set up Assura to deliver strong rental growth in the six months ended 30 September.
Chief executive Jonathan Murphy said: “We have made strong strategic progress in the first half of the year. The £500m acquisition in August of a private hospital portfolio accelerates the delivery of our broader healthcare strategy while our £250m joint venture with USS diversifies our funding.”
He added: “We are at an inflexion point in the UK, with structural changes to the delivery of healthcare services, the government targeting preventative services in a community setting, and rising demand for private providers. Assura has firmly positioned itself to facilitate this change, being well-placed to work with all healthcare providers to deliver high-quality, sustainable facilities for the long-term.”
Assura now has a portfolio comprising some 625 properties with an annualised rent roll of £179.1m, up from £150.6m at 31 March. The group said it had made positive progress on rent reviews, with 129 settled in the first half, covering £20.4m of existing rent and generating an uplift of £1.7m.
The group said it had also identified a pipeline of opportunities for strategic expansion and further growth and was on site with five new developments with 14 capital asset enhancement projects planned over the next two years.
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