Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Stock

Assura completes £25 million asset disposal

admin by admin
October 24, 2024
in Stock
0
Assura completes £25 million asset disposal
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

LONDON – Assura plc, a prominent UK healthcare real estate investment trust (REIT), has concluded the sale of 12 properties, totaling £25 million in cash proceeds. The transaction aligns with the assets’ book value and will contribute to a partial repayment of the group’s revolving credit facility.

The completed sale is part of a broader disposal strategy that Assura embarked upon following its substantial £500 million private hospital portfolio acquisition in August 2024. The company is actively negotiating additional disposals expected to reach approximately £110 million. These discussions include a mix of portfolio sales and transfers of assets into a joint venture partnership previously announced.

Furthermore, Assura has identified a pipeline of 27 assets, valued at around £90 million, which fit the disposal criteria. Preliminary steps towards their potential sale have begun. This strategic move aims to decrease the company’s net debt to EBITDA ratio to below nine times and its loan-to-value (LTV) ratio to under 45% within the next 18 to 24 months.

Jonathan Murphy, CEO of Assura, expressed satisfaction with the recent transactions, highlighting their alignment with the book value and the attractiveness of the healthcare asset class they represent. He reiterated the importance of the August acquisition in diversifying Assura’s portfolio and emphasized the disposals program as a key element in the company’s commitment to reducing leverage post-acquisition.

Investors can expect a detailed update on Assura’s disposal program during the half-year results presentation scheduled for 14 November 2024.

This strategic divestment initiative is part of Assura’s ongoing efforts to optimize its portfolio and strengthen its financial position. The information provided is based on a press release statement from Assura.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

This post appeared first on investing.com

Previous Post

Here’s what 10 analysts have to say about Tesla stock after blockbuster quarter

Next Post

UPS beats quarterly profit estimates, raises operating margin forecast

admin

admin

Next Post
UPS beats quarterly profit estimates, raises operating margin forecast

UPS beats quarterly profit estimates, raises operating margin forecast

Trending News

Trump tariffs: these two European healthcare stocks face the highest US revenue exposure

Trump tariffs: these two European healthcare stocks face the highest US revenue exposure

April 3, 2025
Foxconn rides the AI wave: Q3 profits soar amidst server demand

Foxconn rides the AI wave: Q3 profits soar amidst server demand

November 14, 2024
Bank of England to cut rates gradually as the world braces for Trump’s tariffs: Reuters poll

Bank of England to cut rates gradually as the world braces for Trump’s tariffs: Reuters poll

November 19, 2024
Subscribe to Insightful Word


    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025
    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    June 6, 2025
    Starlink reportedly secures key licence in India, moves closer to launching services

    Starlink reportedly secures key licence in India, moves closer to launching services

    June 6, 2025

    Recent News

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll

    June 6, 2025
    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more

    June 6, 2025

    Latest News

    • China’s May export growth seen slowing to 5.0% amid trade uncertainty: Reuters poll
    • FTSE 100 Index shares of 2025: Rolls-Royce, Fresnillo, BAE, and more
    • Asian stocks end mixed: Hang Seng snaps winning streak, Nikkei jumps 0.5%

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.