An owner of GP surgeries around the country has agreed a merger that will create Britain’s largest healthcare real estate investment trust.
Primary Health Properties (PHP) will buy the entire issued share capital of Medicx, creating a combined group with a £2.3bn portfolio of properties rented to primary care providers.
PHP was founded 24 years ago by Harry Hyman, a chartered accountant. It has since grown into one of the largest providers, floating on the Alternative Investment Market in 1998.
