Deals help fast-growing Assura
ACQUISITIONS have helped drive the half-year performance at Warrington health centre landlord and developer Assura.
In the six months to the end of September, the fast-growing group said rental income from its portfolio of more thna 200 centres increased by 21% to £23m.
Pre-tax profits grew by 35% to £16.5m.
During the period there was a 17.2% increase in the total annual rent roll to £49m and a 21% increase in the total value of property assets to £809m.
Since the year-end the group has agreed £63.1m deal for 11 medical centres in a transaction that sees it acquire Metro MRI from Ray Seymour and Alistair Blacklaws.
In June Assura completed a £107m deal for 28 centres with another company owned by Ray Seymour and Alistair Blacklaws called MP Realty Holdings Group.
Chief executive Graham Roberts said: “The strong results reflect the quality of our portfolio and the high level of activity at the group. We have come a long way in the last three years, and in October we took a further transformative step raising £175m through a share issue.
“This has allowed us to execute further value enhancing acquisitions since then. It has also strengthened our balance sheet, putting us in an excellent position to build on our leading position in the market and to continue to provide the modern primary care medical centres this country needs so much.”
