Assura raised £98.4m in a share issue today, meeting the target it announced this morning.
The shares were priced at 60p per share and represented 9.9% of the company’s existing issued share capital.
The placing is intended to help to fund Assura’s £153m pipeline of acquisition and development opportunities.
On 31 March 2017, the company’s pipeline was split into £86m of acquisition opportunities – of which £46m has been invested – and £67m of development opportunities, comprising £31m of developments on site and £36m of developments expected to commence in the next six to 12 months.
Jonathan Murphy, chief executive of Assura, said: “There is significant support across the UK political spectrum for further investment in primary care premises and Assura is well placed to help plans become reality in a market that is in critical need of investment.
“We are pleased with the investor interest in this placement, which was significantly oversubscribed, and this allows us to build on our leading position in the sector by taking advantage of the opportunities in the market while also maintaining a strong balance sheet.”
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