Assura plc

Assura plc
Public (LSE: AGR)
Industry Property
Founded 2003
Headquarters Warrington, United Kingdom
Key people
 Simon Laffin, Chairman
Graham Roberts, CEO
Revenue GB£61.0 million (2016)[1]
GB£52.3 million (2016)[1]
GB£27.9 million (2016)[1]
Subsidiaries Assura Properties Plc
Website www.assuraplc.com

Assura PLC is a British-based property business headquartered in Warrington. It designs, builds, invests in and manages General Practitioner ('GP') surgery buildings and primary care centres in the UK. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The business was launched as The Medical Property Investment Fund in 2003 and became listed on the London Stock Exchange in that year. The name was changed to Assura Group in 2006. In 2008 the company bought new premises for expansion in Halton.[2] Assura sold its Assura Medical division to Virgin Group in 2010, which rebranded it as Virgin Care.[3]

It acquired AH Medical, another primary healthcare business, in 2011.[4] It named Graham Roberts, a former finance director of British Land Company, as Chief Executive in March 2012.[5] In June 2012 it decided to convert to Real Estate Investment Trust ('REIT') status.[6]

In July 2016, the firm announced that Roberts had died of cancer.[7] Financial Director Jonathan Murphy became interim CEO and was confirmed in the position permanently in February 2017.[8]

Operations

The business invests in and develops primary health care centres in the UK.[2] As of February 2017, the company's medical centre portfolio stood at 385 primary care medical centres with a total annualised rent roll of £72.7 million.[9]

References

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