Assura spends 63m on medical centres
Thu, 6th November 2014

Assura spends £63m on medical centres

Warrington-headquartered healthcare investor and developer Assura Group has spent £63.1m to buy Metro MRI, a company which owns 11 medical centres.

Assura has also agreed in principle, with the vendors of Metro, heads of terms for funding four further medical centres to be developed by them on behalf of Assura. They are expected to have a value on completion of £21m.

Metro MRI is being bought from Ray Seymour, Alistair Blacklaws, and "certain of their related parties". The acquired centres support the work of approximately 90 GPs servicing the health requirements of around 115,000 patients in England and Wales.

Graham Roberts, chief executive of Assura, said: "Following our successful fund raise last month, we are delighted to add 11 outstanding medical centre investments to the four schemes we announced earlier this week.

"In addition we are pleased to continue our association with the vendors, securing a further four new high quality schemes, with exceptional lease lengths, which they will develop on our behalf."

Assura is acquiring the share capital of Metro for approximately £18.5m and assuming net debt within Metro of £44.3m.

category North West  |  source Insider Media