Assura in takeover talks
WARRINGTON healthcare provider and property group Assura has confirmed it is in takeover talks.
The company released an announcement to the stock market on Friday afternoon, after its share price rose more than 20% to 46p.
Assura, which has a market capitalisation of around £140m, said it: “confirms that it is in preliminary discussions which may or may not lead to an offer being made for the company.”
It added that discussions were at a very early stage and would not necessarily result in an offer being made.
Shares had fallen back 4% to 44p in early trading this morning.
The company’s first half results, announced in November revealed a strong increase in revenues and a pre-tax profit of £3.97m, compared with the massive £40.8m loss it suffered a year earlier.
The company also said it plans to separate its GP business – where Assura partners with groups of GPs to form joint venture provider organisations – from the rest of the group so it can refocus on its core pharmacy and property businesses.
