The takeover tussle for NHS landlord Assura has taken another twist as US private equity giant KKR urged the firm to switch its backing from rival suitor PHP, while the UK competition watchdog stepped in with further action.
A consortium led by KKR has called on Assura’s board to change its recommendation for the £1.79 billion offer from healthcare property firm PHP (Primary Health Properties), arguing the case for its lower cash offer of £1.7 billion.
