Business
Statement regarding press speculation
Primary Health Properties plc confirms it is in advanced discussions with an investor regarding the potential contribution of its private hospital portfolio to seed a new joint venture, as part of its ongoing exploration of strategic options to enhance long-term value. While discussions are ongoing and subject to necessary approvals, there is no certainty that a transaction will be agreed or on what terms. The company continues to evaluate all options and will make further announcements as appropriate. Disclaimer*
About this update from Primary Health Properties Plc
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION. FOR IMMEDIATE RELEASE 24 June 2026 Statement regarding press speculation The Board of Primary Health Properties plc ("PHP") notes the recent press speculation regarding the potential formation of a joint venture in connection with PHP's private hospital portfolio. As previously announced, PHP has been exploring a range of strategic options to enhance the long-term value of the private hospital portfolio, including potential joint venture arrangements with highly credible investors. PHP confirms that it is in advanced discussions with an investor regarding the potential contribution of the private hospital portfolio to seed a new joint venture. Discussions remain ongoing, will be subject to all necessary approvals and there can be no certainty that any transaction will be agreed, nor as to the terms on which any transaction might be concluded. PHP continues to evaluate all options. A further announcement will be made as and when appropriate. Legal Entity Identifier: 213800Y5CJHXOATK7X11 - ENDS - For further information contact: Mark Davies CEO Primary Health Properties PLC Richard Howell CFO Primary Health Properties PLC David Purcell Investor Relations Primary Health Properties PLC T: +44 (0) 7921 190 136 E: [email protected] Sodali & Co Financial PR Elly Williamson/Madeleine Gordon-Foxwell T: +44 (0) 207 250 1446 E: [email protected] Notes to editors PHP is a leading investor in modern healthcare infrastructure with a £6 billion portfolio invested in critical social assets across the UK and Ireland. The portfolio benefits from highly resilient operating metrics in a sector with strong fundamental demographic characteristics, supported by a positive political backdrop and the need for greater investment in healthcare infrastructure to support the delivery of services in local communities. In 2025, PHP combined with Assura to create the UK's largest listed healthcare REIT placing the enlarged Group in the top quartile of the London Stock Exchange FTSE 250 index with the additional benefits of significantly increased share liquidity, investor reach and a lower cost of capital. PHP's attractive portfolio, strong platform with a robust balance sheet and a disciplined focus on rental growth and cost control supports our 30-year track record of paying an increased progressive dividend.
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