Assura plc
TypePublic
LSE: AGR
FTSE 250 component
IndustryProperty
Founded2003
HeadquartersAltrincham, United Kingdom
Key people
Ed Smith, Chairman
Jonathan Murphy, CEO
RevenueIncrease £132.2 million (2022)[1]
Increase £114.1 million (2022)[1]
Increase £86.2 million (2022)[1]
SubsidiariesAssura Properties Plc; Assura Financing Plc
Websiteassuraplc.com

Assura PLC is a British-based property business headquartered in Altrincham. It designs, builds, invests in and manages General Practitioner ('GP') and primary care buildings 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]

At the beginning of 2021 the business acquired Apollo Capital Projects, increasing its pipeline by an initial eight schemes and expanding the company's offering to the NHS.[9]

Operations

The business invests in and develops primary care buildings in the UK.[2] As of March 2023, the company's portfolio stood at 608 primary care medical centres.[1]

As an NHS partner the company accommodates NHS services within communities. Including, general practice, diagnostic and treatment services (including x-ray), renal dialysis, MSK physiotherapy, dentistry, acute consultant clinics and other community and social prescribing services.[10]

References

  1. 1 2 3 4 "Annual Report 2022" (PDF). Assura. Retrieved 16 February 2023.
  2. 1 2 Park office for healthcare specialist Assura
  3. ↑ "Assura founder quits after selling clinics to Virgin". The Times. 15 March 2010. Retrieved 6 December 2015.
  4. ↑ Eversheds scores sale of AH Medical to Assura Group
  5. ↑ Assura Group names former British Land Company director as chief executive
  6. ↑ Assura Group slides to a loss
  7. ↑ "Place North West | Former Assura chief dies from cancer". Place North West. 4 July 2016. Retrieved 30 March 2017.
  8. ↑ Begum, Shelina (27 February 2017). "Assura names new chief executive". men. Retrieved 30 March 2017.
  9. ↑ Whiterow, Philip (16 February 2021). "Assura strengthens primary care pipeline with Apollo Capital acquisition". Proactive Investors. Retrieved 13 March 2021.
  10. ↑ "Our Market". Assura plc. Retrieved 13 March 2021.
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