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Primary Health Properties PLC Announces Acquisition Of Primary Health Care Centres Limited

Tuesday, 2 Jul 2013 02:00am EDT 

Primary Health Properties PLC announced that it has unconditionally agreed to acquire the entire issued share capital of Primary Health Care Centres Limited (PHCC), an investor in primary care and pharmacy properties in the UK. Consideration payable of approximately GBP10.5 million, including transaction costs of GBP0.3 million to be settled in cash upon completion. In addition to the consideration payable, PHP will assume PHCC's GBP17.8 million of fixed cost debt. The assumed debt has a weighted life of approximately 13.8 years and will be incremental to the Group's existing debt facilities. 

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