KKR Secures $2.3B Takeover of U.K. Healthcare Group Assura After Bidding War

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2025-06-11 12:52:02

U.S. private equity giant KKR & Co. emerged victorious in a $2.3 billion takeover battle for British healthcare property developer Assura, sending its shares higher. The deal, structured as a "best and final bid" alongside Stonepeak Partners, prevailed over a competing offer from Primary Health Properties.

The acquisition caps a months-long bidding war that began in Spring when KKR''s initial $2.16 billion offer drew a rival $2.2 billion bid. Assura''s board unanimously recommended the winning proposal, citing the consortium''s healthcare and infrastructure expertise. The company''s portfolio includes 600+ medical properties valued at £3.1 billion, serving clients like Britain''s National Health Service.

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