IN BRIEF: Primary Health Properties in talks to form joint venture

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Primary Health Properties PLC - London-based healthcare facility investor - Confirms that it is in advanced discussions with an investor over the potential contribution of its private hospital portfolio to ‘seed’ a new joint venture. Says talks remain ongoing, and will be subject to all necessary approvals. Cautions that there can be no certainty that any transaction will be agreed. Says it continues to evaluate all options. PHP’s confirmation comes after press speculation around the potential formation of a joint venture.

PHP has previously said that it has been exploring a range of strategic options to enhance the long-term value of its private hospital portfolio, including potential joint venture arrangements with highly credible investors.

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