A prominent British investment fund specializing in healthcare real estate, Assura, has made a decisive move that may significantly reshape the investment landscape in this sector. On Wednesday, the firm rejected a takeover bid from industry competitor Primary Health Properties. The deal, valued at approximately £1.5 billion (around $1.9 billion) and involving a mix of cash and equity, would have marked a pivotal consolidation. By turning down the offer, Assura left an American consortium as the sole active bidder, further highlighting the growing influence of international players in the healthcare real estate market.

In recent weeks, the UK’s Real Estate Investment Trust (REIT) landscape has been abuzz with activity in the healthcare sector. British healthcare REIT Assura, which manages over 600 healthcare facilities with an investment value exceeding £3 billion, has once again taken center stage amid a flurry of takeover proposals. The latest bid comes from Primary Health Properties, offering a combined cash and shares deal valued at around £1.5 billion (roughly $1.96 billion), a figure that surpasses a previous offer – although it remains below the cash-only bid from an American consortium.