Assura reports good progress in third quarter, medical centre ownership grows
Source - SMW
Assura grew the number of medical centres it owns to 498 in the third quarter with a total annualised rent roll of £87.4 million, improving on the prior quarter's rent roll of £83.1 million.
The compay said it completed the acquisition of 22 medical centres and one development under a forward funding agreement at a combined cost of £84 million in the third quarter. These additions have a combined passing rent roll of £4.1 million and a weighted average unexpired lease length of 13.5 years.
'GPs continue to highlight the challenges associated with a lack of space, poor layout and maintaining older buildings which are not fit for 21st century healthcare,' the company said.
'As hospitals struggle to cope this winter, creating the infrastructure to allow more patients to be treated in the community is a key part of the solution.'
Jonathan Murphy, CEO, said:
'Assura continued to make good progress in the third quarter, further diversifying its funding structure and investing in primary health care real estate. We remain confident in the outlook for the business for the full-year.'
At 9:50am: (LON:AGR) Assura Group Ltd share price was -0.05p at 61.55p